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

Or buy full access to this story only for £13.00

Please login to activate the purchase link or sign up here to register an account

Premium subscriber
New Premium subscriber REGISTER

Comment on this article

You must be logged in to post a comment.