• Feedback
  • RSS Feed
  • Sitemap
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

IPOs In South Korea Rise Over 16 Pc In 2024

OMMCOM NEWS by OMMCOM NEWS
February 18, 2025
in Business

Seoul: The initial public offerings (IPOs) in South Korea rose over 16 percent in 2024 from a year earlier despite uncertainties, data showed on Tuesday.

The proceeds from IPOs stood at 3.9 trillion won (US$2.7 billion) last year, compared with the previous year’s 3.3 trillion won, according to the data from the Financial Supervisory Service (FSS).

A total of 77 companies made their debuts on the main Korea Composite Stock Price Index and the tech-heavy KOSDAQ markets last year, down from 82 companies going public in 2023, reports Yonhap news agency.

The competition ratio for IPOs came to 775 to 1 in 2024, down from 925 to 1 the year before, while the prices of newly listed stocks closed 42 percent higher on average on the first day of their trading.

The financial regulator said earlier it will introduce stricter rules for IPOs.

Starting next year, over 40 percent of the IPO shares will be first allotted to institutional investors who guarantee the holdings of IPO shares for a certain period, usually three or six months.

Currently, over 20 percent of IPO shares are sold to such institutional investors to help with the smooth debut of a new company on the stock market.

The measure will come as some institutional investors have been under fire for pocketing decent gains by selling IPO shares on the first day of trading.

Meanwhile, Seoul shares extended gains on late Tuesday morning, helped by tech gains amid concerns over the impact of new U.S. tariffs on key industries.

The benchmark Korea Composite Stock Price Index (KOSPI) added 4.54 points, or 0.17 percent, to 2,614.96 as of 11:20 a.m.

The U.S. government recently ordered a 25 percent tariff on all steel and aluminum imports and unveiled a sweeping plan to impose reciprocal tariffs on trading partners.

It also plans to impose tariffs on auto imports starting April 2, which will apparently affect the Korean car industry.

Large-cap stocks were mixed. Market behemoth Samsung Electronics rose 1.4 percent, top carmaker Hyundai Motor climbed 0.4 percent, and LG Chem gained 0.8 percent.

Among decliners, No. 2 chipmaker SK hynix fell 1.7 percent, leading wireless services provider SK Telecom declined 1 percent, and discount retailer Emart shed 0.8 percent.

(IANS)

Tags: initial public offerings (IPOs)Korea Composite Stock Price Index (KOSPI)South Koreastock market
ShareTweetSendSharePinShareSend
Previous Post

+2 Exams Commence In Odisha; Over 3.9 Lakh Students Appear; CM Majhi Extends Best Wishes

Next Post

Elephant Found Dead In Deogarh Forest; Electrocution Suspected

Related Posts

Business

Gautam Adani Sees Group’s Pact To Set Up 5,000 MW Projects In Bhutan As Deepening Of Partnership

May 8, 2025
Business

India Pharma Market Sees 7.8 Pc Revenue Growth In April: Report

May 8, 2025
Business

Govt Ropes In Hafele India To Boost Local Startups, MSMEs

May 8, 2025
Business

Nitin Gadkari Calls For Biofuel Revolution To Cut Imports, Boost Rural Economy

May 8, 2025
Indian Stock Market
Business

Indian Stock Markets End Lower As India-Pakistan Tensions Rattle Investors

May 8, 2025
Business

NSE Denies Reports Of Seeking Govt Intervention In IPO Deadlock

May 8, 2025
Next Post
Elephant death

Elephant Found Dead In Deogarh Forest; Electrocution Suspected

heartfelt tributes to Sri Ramakrishna Paramhansa

Heartfelt Salutations: PM Modi Pays Tribute To Sri Ramakrishna Paramhansa

Qatar’s Emir Receives Ceremonial Welcome At Rashtrapati Bhavan

Khimji
TPCODL
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.