Daum aims to list 10 million ADRs on Nasdaq at $18

Daum Communications of Korea plans to sell 10 million American Depositary Receipts on Nasdaq to raise its profile and boost its local stock price.
June 28, 2000

Daum Communications, a Korean internet portal, plans to raise about $180 million by selling American depositary receipts (ADRs) on Nasdaq to help boost its stock price at home, raise its profile internationally and fund acquisitions.

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