South Korea's Samsung SDS to raise $1.1 bln in November IPO

SEOUL: Samsung Group's information technology services unit, Samsung SD Co Ltd , expects to raise 1.16 trillion won ($1.09 billion) in a November listing, the company said on Friday, as it priced its initial public offering (IPO) at the top end of the indicative range.

In a regulatory filing, SD said it priced the IPO at 190,000 won per share, versus an indicated range of 150,000 won to 190,000 won, amid much demand from institutional investors during a bookbuilding exercise on Wednesday and Thursday.

SDS is expected to list on November 14, a spokesman said on Friday.