South Korea’s largest provider of cable-TV services, CJ HelloVision, has kicked off the institutional roadshow for an initial public offering of between W264.5 billion and W359 billion $238 million to $323 million.
If successful, this will be the largest IPO in Korea so far this year and also the first one that is explicitly marketed to international investors. The largest new listing year-to-date is the $179 million IPO for Huvis Corp, which was arranged by Daewoo Securities, Dealogic data show. The total value of IPOs stands at just $893 million, which is well below the $3.4 billion raised in 2011.
Sources say CJ...
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