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Samsung BioLogics Eyes Global Leadership Via Korean IPO

 
• By Jung Won Shin

In its ongoing efforts to become the world's top biopharmaceutical manufacturing company, Samsung BioLogics has decided to launch an initial public offering in the benchmark Korean stock market this year amid weak biotech sentiment in the US. Proceeds from the IPO, poised to be one of the biggest domestic IPOs, will be used for further expansion of its manufacturing facilities.

SEOUL - Samsung BioLogics has held a board meeting and decided to launch an initial public offering on South Korea's benchmark Kospi market this year, to raise funds needed for expansion of production facilities.

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