PE-owned Samyang closes up on debut after $60m IPO
Korean camera lens manufacturer Samyang Optics ended its first day of trading on KOSDAQ at a slight premium to its IPO price, having raised KRW66.8 billion ($60 million) in the offering and enabled VIG Partners to make a partial exit.
Samyang’s stock peaked at KRW19,250 on June 2 before closing at KRW16,800. The company previously sold four million shares – all held by VIG – at KRW16,700, the bottom end of the indicative range....
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