Innocean Worldwide KRX IPO

Overview:

• Innocean Worldwide—an advertising affiliate of Hyundai Motor—launched an IPO on the Korea Exchange (KRX) raising W340 billion ($300 million).
• The IPO is the third largest in South Korea for 2015, and priced at W68,000 won per share valuing the company at around W1.36 trillion ($1.2 billion). 
• Innocean is South Korea's second-largest advertising agency after Samsung Group’s Cheil Worldwide. 

Katrin Kostadinova - Data analyst