South Korea’s SK Lubricants seeks to raise up to $1.5b in May IPO

Seoul, South Korea. Photo by Emile-Victor Portenart on Unsplash.

South Korea’s SK Lubricants plans an initial public offering (IPO) worth up to 1.56 trillion won ($1.48 billion) in May, its parent SK Innovation said on Monday.

SK Innovation plans to sell about 10.2 million shares, or about 1.25 trillion won worth in its wholly-owned subsidiary SK Lubricants as part of the IPO, it said in a regulatory filing.

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