BEAMSTART Logo

SK Securities becomes lead IPO manager for 1st time since 2018

Korea Economic Daily LogoKorea Economic Daily1w ago

SK Securities becomes lead IPO manager for 1st time since 2018 - Korea Economic Daily

Quick Summary:

It is the first time that SK Securities has become a sole lead underwriter for an IPO of a company that is not an SK Group affiliate since the brokerage firm was separated from the conglomerate in July 2018.

SK Securities was separated from SK Group in 2018 as the conglomerate, which was transformed into a holding company in 2015, was ordered by Korean authorities to sell the brokerage firm as the law bans non-financial holding firms from owning shares in a financial subsidiary.

Seoul-based private equity firm J&W Partners bought around 10% of SK Securities from SK Group for 51.5 billion won ($37.2 million) in July 2018.The PE house owned 20.23% of the brokerage firm as of May 23; most of the remaining shares are trading on the main Kospi.

More Pictures

SK Securities becomes lead IPO manager for 1st time since 2018 - Korea Economic Daily (Picture 1)

or

Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-10 @ 18:25:43 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 454 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 21564144

View Article Analysis

About Korea Economic Daily

Korea Economic Daily Logo

Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 15 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: 5 hours ago

Coverage Areas: South Korea

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #91

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "SK Securities becomes lead IPO manager for 1st time since 2018" has 454 words across 20 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Which news outlet covered this story?

The story "SK Securities becomes lead IPO manager for 1st time since 2018" was covered 1 weeks ago by Korea Economic Daily, a news publisher based in South Korea.

How trustworthy is 'Korea Economic Daily' news outlet?

Korea Economic Daily is a fully independent (privately-owned) news outlet established in 1964 that covers mostly economy news.

The outlet is headquartered in South Korea and publishes an average of 15 news stories per day.

It's most recent story was published 5 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #21564144
  • URL: https://beamstart.com/news/sk-securities-becomes-lead-ipo-17206061152934

More News from Korea Economic Daily

Latest Jobs

More Economy News

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

Our Company

© Copyright 2024 BEAMSTART. All Rights Reserved.