Doosan Bobcat pulls blockbuster IPO

Korea’s largest IPO of the year has been put on hold after investors balked at the valuation and worried about the US election.

Korean bankers are set to end the year with disappointment after construction machinery manufacturer Doosan Bobcat pulled its W2.45 trillion ($2.2 billion) initial public offering on Monday.

¬ Haymarket Media Limited. All rights reserved.

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