Hyundai Heavy Industries' IPO debut garners major capital injection

Shipyard Hyundai Heavy Industries has sold shares for nearly USD 1 billion. The capital injection will primarily be spent on financing of sustainable vessels.

Photo: PR / HMM

South Korean shipyard Hyundai Heavy Industries had a strong stock exchange debut today, Friday.

The company has sold shares for KRW 1080 billion, corresponding to USD 922 million, raising the share price to KRW 135,000 from KRW 60,000, writes Bloomberg News.

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