(Bloomberg) -- Samsung Card Co., the consumer
credit unit of South Korea's biggest industrial group, increased
to 576 billion won ($619 million) its target from an initial
share sale after investors bid for more stock than they were
offered.
The company and owners will sell 12 million shares at
48,000 won each, compared with a high price of 45,000 won
marketed to investors, Seoul-based Samsung Card said today.
South Korean and overseas institutional investors applied for
257.6 million shares, 36 times the 7.2 million allocated to them,
the firm said.
Read more at Bloomberg Emerging Markets News
credit unit of South Korea's biggest industrial group, increased
to 576 billion won ($619 million) its target from an initial
share sale after investors bid for more stock than they were
offered.
The company and owners will sell 12 million shares at
48,000 won each, compared with a high price of 45,000 won
marketed to investors, Seoul-based Samsung Card said today.
South Korean and overseas institutional investors applied for
257.6 million shares, 36 times the 7.2 million allocated to them,
the firm said.
Read more at Bloomberg Emerging Markets News
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