South Korea's Hyundai Heavy Industries (HHI) has announced plans to launch an initial public offering (IPO) through which it aims to invest in capabilities including unmanned vessels. The Ulsan-based shipbuilder said on 2 September that it aims to raise KRW1.08 trillion (USD934 million) through the market listing, which is scheduled for the middle of the month. The share sale will feature 18 million shares at up to KRW60,000 each. It is equal to about 20% equity.
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