South Korea’s Jin Air says IPO to raise $350 million

Industry:    2017-11-29

South Korean budget airline Jin Air Co Ltd said on Tuesday its planned initial public offering (IPO) would raise 381.6 billion won ($350 million).

The affiliate of South Korea’s biggest carrier, Korean Air Lines Co Ltd (003490.KS), priced its IPO at the top of an indicative range of 26,800-31,800 won per share, the airline said in a regulatory filing.

It plans to debut on the South Korean main bourse .KS11 some time in December.

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