Press

2019.8.21

There is an interest in whether Hyundai Motor Securities will conduct IPO management within two years. It is highly likely that the company will be able to escape the “blank space” of IPOs by securing the status of listed company of Flotron, a flow measurement company. Hyundai Motor Securities has shown its IB capabilities in the real estate sector, and the IPO part is also slowly starting up.

According to the financial sector, Hyundai Motor Securities has recently been selected as a listing manager for Flotron, which is challenging KOSDAQ. This IPO is likely to be a turning point for Hyundai Motor Securities, which has not been in charge of the representative for a while.

"Flotron has not yet decided on the specific timing of listing," an IB industry source said, but predicted that it will be an opportunity for Hyundai Motor Securities to emerge from a long hiatus since it hosted Sewon IPO two years ago.

Hyundai Motor Securities has seen its earnings grow steeply based on the performance of its IB business recently. It also achieved its biggest-ever profit in the first half of this year. Until now, it has been fruitful by targeting niche markets mainly in the real estate sector. It is now expected that other IB projects will be carried out slowly following the real estate sector, which has gained some ground.

Original article