Kumho Tire rolls out IPO

Korea's Kumho Tire priced a $363.5 million (Won373.36 billion) IPO at the mid point of its indicative range on Friday via lead managers JPMorgan and Daishin Securities. The company raised $266.5 million from the international offering, which comprised 37.28 million GDS units and Won99.6 million from the domestic offering, which comprised 6.8 million shares.