S Korean health chain CJ Olive Young to raise $1b in local IPO

Photo by Christin Hume on Unsplash

South Korean health and beauty chain CJ Olive Young said on Friday it was looking to raise around $1 billion in an initial public offering, as the company seeks to tap a booming market for new listings.

The listing, which two sources aware of the matter say is set to take place early next year, comes as Korean IPOs have raised $21.4 billion so far this year, almost seven times the amount raised a year earlier, according to Refinitiv data.

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