South Korea’s stock market is on the rise, with new companies raising more money this year than last.
In the first nine months of 2024, the country’s initial public offerings (IPOs) grew by 19 % compared to the same period in 2023. The total capital from IPOs hit 3.41 trillion won (about $2.43 billion) versus 2.85 trillion won a year ago, according to data from consulting firm IR Kudos Corp.
A record 55 firms listed on Korea’s main KOSPI exchange and the tech‑focused KOSDAQ platform, up from 47 at the same time last year. LG CNS, the IT arm of LG Electronics, topped the list, pulling in 1.19 trillion won. DH Shipbuilding followed with 500 billion won, and Seoul Guarantee Insurance (SGI) raised 182 billion won.
Experts expect IPO activity to keep climbing as the market stays bullish. The KOSPI index has already surged over 43 % this year.
Financial regulators announced plans to tighten IPO rules next year. They will allocate more than 40 % of new shares to institutional investors who hold them for a set period—typically three to six months—up from the current 20 %. The change comes after some investors faced criticism for buying IPO shares on the first trading day and then selling for quick gains.
Overall, South Korea’s IPO sector shows strong momentum, boosting investor confidence and supporting corporate growth on the KOSPI and KOSDAQ arenas.
Source: ianslive
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