Shinhan Financial Group eyes jackpot from pre-IPO invest in Indonesia's Bukalapak
이 글자크기로 변경됩니다.
(예시) 가장 빠른 뉴스가 있고 다양한 정보, 쌍방향 소통이 숨쉬는 다음뉴스를 만나보세요. 다음뉴스는 국내외 주요이슈와 실시간 속보, 문화생활 및 다양한 분야의 뉴스를 입체적으로 전달하고 있습니다.
The global investment banking (GIB) unit of the South Korean financial conglomerate anticipates doubled profit from its investment made in Bukalapak via the Indonesian firm’s Series F fundraising round in 2019.
Bukalapak last week priced its IPO at the top of its indicated price range - 850 rupiah ($0.06) apiece to raise $1.5 billion, the largest issue in the country. The Indonesian firm’s value is estimated to top $6 billion upon joining the Indonesia Stock Exchange on Aug. 6.
Although Shinhan GIB does not disclose investment amount and stake size in Bukalapak, it expects to double its investment as Bukalapak had been valued at $2.5 billion two years ago.
Bukalapak operating since 2010 is the country’s fourth biggest e-commerce company after Tokopedia, Shopee, and Lazada.
Shinhan GIB focused to unearth promising businesses across the world generated 906.3 billion won ($786.2 million) in operating income last year, up 30 percent from a year earlier. The unit targets to earn 1 trillion won in annual pre-tax income by 2023.
On Monday, shares of Shinhan Financial Group Co. closed 1.04 percent down at 37,950 won in Seoul.
[ㄏ Maeil Business Newspaper & mk.co.kr, All rights reserved]
Copyright © 매일경제 & mk.co.kr. 무단 전재, 재배포 및 AI학습 이용 금지
- GS Caltex joins a rush of investors in fast-evolving and IPO-eying Kakao Mobility - Pulse by Maeil Business News Korea
- STARTUP FOCUS: Typed to launch in US to set new standard on digitalized work - Pulse by Maeil Business News Korea
- Korea’s ramyeon exports hit fresh record high in H1 - Pulse by Maeil Business News Korea
- Com2us expands “Summoners War” IP with “The Walking Dead” creator - Pulse by Maeil Business News Korea
- SK, Joyvio to jointly create $86.7 bn fund to invest in alternative food firms - Pulse by Maeil Business News Korea
- 강경준, 상간남 피소…사랑꾼 이미지 타격 [MK픽] - 스타투데이
- 송도는 지금…3년 만에 웃음꽃 핀다 [전문가 현장진단]
- 카니예 웨스트, 14년만 한국 온다…8월 23일 공연 확정[공식] - MK스포츠
- 이찬원, 이태원 참사에 "노래 못해요" 했다가 봉변 당했다 - 스타투데이
- 양희은·양희경 자매, 오늘(4일) 모친상 - 스타투데이