South Korea's DN Solutions scraps IPO plan amid tariff turmoil
By Heekyong Yang
SEOUL, April 30 (Reuters) - South Korean industrial tools maker DN Solutions said on Wednesday it had dropped a plan for an initial public offering worth up to 1.6 trillion won ($1.12 billion), citing difficulties in getting a proper valuation due to major uncertainties in financial markets at home and abroad.
This scuppers what could have marked the biggest offering in over three years in the country.
The listing was set to be the largest since South Korean battery maker LG Energy Solution 373220.KS raised 12.8 trillion won in January 2022.
The company, a major producer of tools for the automotive, semiconductor, aerospace and medical sectors, has said tariffs unveiled by U.S. President Donald Trump could potentially dent the market in the short term but structural demand will continue.
Companies like Swedish fintech Klarna and household goods maker Cuckoo International have this month delayed their plans for IPOs as Trump's sweeping tariffs rattle global markets.
($1 = 1,425.0000 won)
Related Articles
Coca Cola (KO) Q4 Earnings Preview: Look for the Upside in the AI Initiatives, not in the Revenue and the EPS
Coca-Cola (KO) enters its fourth-quarter 2025 earnings call tomorrow with significant momentum. However, a fundamental shift is occurring.
Warsh’s Fed Era Signals a Death Knell for QE, Jolting the $30 Trillion Treasury Market
With Warsh’s nomination, his past proposals for governing the Federal Reserve are being brought to the forefront. A central issue is the formulation of a new "1951 Accord" to restructure the relationship between the Fed and the Treasury. Analysts suggest such a move could impact the $30 trillion Tre
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
