MagnaChip to debut on NYSE
South Korea’s MagnaChip Semiconductor, currently invested by distressed investment firm Avenue Capital Group and previously backed by a number of private equity firms prior to earlier bankruptcy, is poised for its IPO on the NYSE, in a listing which is estimated to raise $698 million at its highest.
The company was taken over in 2009 by KTB Securities, a leading investment firm in Korea, following the Chapter 11 bankruptcy protection filing of its parent company, which had shareholders including Citigroup...
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