Thursday, May 19, 2016

S.Korea's Hotel Lotte says IPO to raise up to $4.8 bln

SEOUL, May 19 (Reuters) - South Korea's Hotel Lotte Co Ltd

said on Thursday its initial public offering (IPO) is expected

to raise up to 5.7 trillion won ($4.79 billion), in what will be

the world's biggest IPO since late 2015.

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