LIG Nex1 triggers IPO as Korea tensions ease

Controlling shareholder LG Corporation agreed to take the Korean defence contractor public when it sold a 49% stake to PE investors in 2013.

Heightened tensions on the Korean peninsula will likely elevate interest in the $444 million initial public offering of Korean defence contractor LIG Nex1, according to two sources familiar with the matter.

¬ Haymarket Media Limited. All rights reserved.

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