Korea Investment and Securities

Construction equipment maker Doosan Bobcat and Netmarble Games are on track with their respective IPOs, with the former set to become the largest listing in South Korea since 2012.

Construction equipment maker Doosan Bobcat has thrown open the doors on its W2.4tr ($2.2bn) IPO, the largest listing in South Korea since 2010.

South Korea’s Doosan Bobcat has announced the price range for its IPO, which is expected to raise W2.4tr ($2.2bn) and become the largest listing in the country in six years.

Doosan Bobcat is expected to start gauging sentiment for its $1bn-$2bn IPO in South Korea immediately after the securities registration statement is filed on September 8, according to bankers on the deal.

Samsung Heavy Industries Co is looking to raise about W1.1tr ($976.1m) from a rights offering in November, according to a source familiar with the matter.

Doosan Bobcat has received regulatory approval for its IPO in South Korea, putting it on track to open books in September.

Global construction equipment maker Doosan Bobcat has asked for the go ahead to launch its South Korean IPO, according to a statement from the Korea Exchange.

Hotel Lotte’s IPO could yet go live by the end of 2016 despite being postponed on Monday after prosecutors raided the offices of Lotte Group, according to a statement from the parent.

Hotel Lotte could yet give a boost to South Korea’s equity capital markets by going live with its IPO by the end of 2016, announcing the possibility just days after it postponed its transaction.

Hotel Lotte Co has axed plans for a listing that could have raised W5.3tr ($4.5bn) after a raid by investigators on the offices of its parent proved one setback too many for the issuer.

Investigators raided the offices of Lotte Group early Friday morning, one week after they did the same to its subsidiary Hotel Lotte Co, which is in the midst of trying to launch an IPO.

Hotel Lotte Co has managed to smooth over a wobble in investor sentiment for its W5.3tr ($4.6bn) IPO after accusations of bribery in the company hit the news last week. It has delayed its listing by a month, chopped the price range to bandage the situation and now looks set to go ahead, writes Jonathan Breen.