Woori Investment & Securities submitted an application for the preliminary evaluation to list a special purpose acquisition company (SPAC), according to a Korea Stock Exchange announcement yesterday.
Woori Investment & Securities, the South Korean brokerage, plans to raise KRW 45bn (USD 40m) through the listing and the price was set at KRW 15,000 (U$13.25) a share.
Woori Investment & Securities itself will manage the IPO, the announcement said.
See previous post ‘Regulators call for caution as Korea’s SPACs keep hitting upper trading limits‘ for recent information on Korea’s SPAC market.
(Source: Stock Exchange Announcement)
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