Kumho Tire burns rubber in London and Seoul

Kumho Tire's IPO was oversubscribed in both the London and Seoul markets when the tyre manufacturer launched the first simultaneous dual listing by a Korean company

Size: $364 million

Bookrunner: JPMorgan

Date: February 16 2005

Kumho Tire’s $364 million simultaneous dual listing in London and Seoul is the first transaction of its kind for a Korean company. It is also the largest IPO by a Korean company anywhere since July 2004.

The deal is a big success for the London Stock Exchange, which has been aggressively trying to attract international companies to list on its market instead of on the New York Stock Exchange. The deal comes just one month after Air China opted for London with a $1.1

Thanks for your interest in Euromoney!
To unlock this article: