New Changes in the IPO Bookbuilding and Valuation Process Disclosure Policies in Korea
Starting 1 August, there will be several significant changes to the IPO book building and lockup results disclosure polices in Korea.
When conducting the comps analysis for IPOs, if there are competing companies that are excluded, then the companies need to provide more detailed reasons as to why they are excluded.
The new, stringent IPO rules are likely to bring about a greater scrutiny on the IPO valuations of newly listed companies in Korea.
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