Seoul Guarantee Insurance Corp IPO Preview (Significantly Lower IPO Price Range)
Seoul Guarantee Insurance Corp (SGIC) is trying for another attempt at an IPO at much lower IPO price range. The IPO price range is from 26,000 won to 31,800 won.
At the high end of the IPO price range, the IPO offering size is 222 billion won. The IPO price range has been lowered by 34% to 39%.
Despite the company's consistent record of generating positive operating profit, its lack of sales growth and declining operating margins in 2024 remain key concerns.
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