Korea's Tmon closes $276m pre-IPO round
PS Alliance, an investment unit of South Korean automotive and electronic components manufacturer Poongsung Group, has led a KRW305 billion ($276 million) commitment to local e-commerce platform Tmon.
The deal, structured as an exchangeable bond issuance, included KRW50 billion from existing investors KKR and Anchor Equity Partners. The company said in a statement that it will soon initiate an IPO....
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