Reported about 9 hours ago
LG CNS Co., South Korea's largest IPO in over two years, experienced a disappointing debut, with shares dropping 9.9% despite a strong initial public offering of 1.2 trillion won ($821 million). Concerns about overpricing and increasing skepticism surrounding IPOs have emerged, as only a quarter of recent listings are trading above their initial prices. This trend has prompted South Korean authorities to consider reforms to stimulate long-term investments in the IPO market.
Source: YAHOO