Photo 102970860 © Elnur | Dreamstime.com

South Korean carrier SM Line moved closer to its planned November initial public offering on the Seoul bourse after issuing its pricing guidance earlier this month  – with the aim, for the brave Koreans, of entering the Asia-US east coast trade thanks to the expected proceeds from the stock sale.

Not so fast: let’s digest some scant numbers first.

According to a recent note from Alphaliner (mostly confirmed by others), SM Line has set a share price range of SKW18,000-25,000 ($15.3-21.25), which ...

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium
Premium subscriber
New Premium subscriber REGISTER

Comment on this article

You must be logged in to post a comment.