Hyundai Heavy Industries sets IPO price

With its IPO drawing closer, Hyundai Heavy Industries has now settled on a share price. The proceeds will be used to develop new vessel types, shipyards and hydrogen production.

Photo: PR / Danske Rederier

Korean shipyard group Hyundai Heavy Industries has settled on a share price of KRW 60,000 (USD 51.80) for its upcoming initial public offering (IPO), writes media Yonhap News Agency.

The major South Korean shipyard will be listed on the Korean Composite Stock Price Index on September 16.

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