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SK IE Technology's IPO attracts US$ 5.5 bil. in subscription deposits in one hour Updated: 2021-04-28 14:37:45 KST

The Korean stock market is shaping up to have a record-breaking year when it comes to new listings.
There's another big IPO coming up, this time for the company SK IE Technology, which makes materials for batteries, and competition for shares is fierce.
As of 11 this morning, it had attracted deposits worth around 5-and-a-half billion U.S. dollars from investors hoping to get shares when it's listed.
That's an all-time record, surpassing the IPO of the vaccine maker SK Bioscience just last month, which drew in 3.9 billion dollars.
The share price for SK IE Technology is expected to be between 78 and 105 thousand won, which is about 75 to 95 dollars.
The IPO is scheduled for May 11th.
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