Initial public offerings (IPO) at secondary Korea Securities Dealers Automated Quotation (Kosdaq) market drew 2.2 trillion won ($1.83 billion) this year, the largest since 2.6 trillion won in 2000, according to the Korea Exchange Sunday.
IPO at the secondary market in past years had been poor, reaching a pitiful 285.6 billion won in 2012.
New Kosdaq entries totaled 82, with their IPOs averaging at 32.8 billion won. Four raked in more than 100 billion won, including cosmetics maker Clio’s 184.4 billion won IPO.
By Chung Woo-sung
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