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Hyundai Heavy Industries indicates share price for IPO

Hyundai Heavy Industries confirms the details and target price of its initial public offering in a notice filed with the South Korea's Financial Services Commission.

Photo: Udo Weitz/AP/Ritzau Scanpix

South Korean shipbuilding major Hyundai Heavy Industries sets the expected price of its shares ahead of the shipyard's initial public offering in September.

According to local news agency Yonhap, the shipbuilder is offering 18 million new shares at between KRW 52,000 and KRW 60,000, corresponding to USD 45 and USD 51 per share.

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