Korea’s Youngone prices GDR at 2.7% discount

The OEM garment maker raises $113.8 million from Korea's first big equity deal this year.

<div style="text-align: left;"> Youngone makes outdoor gear for North Face, among others </div>

February 01, 2013

Youngone Corp, a Seoul-headquartered original equipment manufacturer (OEM) of garments, has raised $113.8 million from its debut offering of global depository receipts (GDRs), after fixing the price at a 2.7% discount to Wednesday’s close of its common shares.

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