Korea’s Biggest IPO Debut Since 2022 Jumps 45% in Boost For KKR

HD Hyundai Marine Solution Co. shares jumped as much as 45% in their South Korean trading debut, after an initial public offering that met subscription demand of more than 200 times.

The stock traded as high as 121,000 won a piece, after an IPO priced at the top of the offered range raised 742.3 billion won ($547 million) for the ship repair company and holder KKR & Co. That’s the nation’s largest stock sale since LG Energy Solution’s $10.8 billion debut in January 2022.

Asia’s second-largest IPO of 2024 helps consolidate South Korea as one of the region’s busiest venues ...