Hotel Lotte could raise up $5 billion in South Korea's largest-ever IPO: IFR

January 13, 2016 3:45 AM

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HONG KONG Hotel Lotte Co Ltd [HTLOT.UL] could raise up to $5 billion in what would be South Korea's biggest-ever initial public offering (IPO), IFR reported on Wednesday citing people close to the deal.

The listing could reach $3 billion to $5 billion, potentially surpassing the $4.04 billion record set in 2010 by Samsung Life Insurance Co Ltd (032830.KS), said IFR, a Thomson Reuters publication.

Also read: China Resources Pharma to raise $1.8 bln after pricing HK IPO near middle: IFR

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