Regulator and stock market operator, Korea Exchange said Friday that it had given preliminary approval to BHE for an initial public offering or IPO. Having received BHE’s first application on May 28, Korea Exchange said that BHE “fulfils the requirements to go public.”
Having passed the first screening, a company is now expected to file a securities registration statement with the Financial Services Commission within the next six months.
Reuters has previously reported that JP Morgan, NH Investment & Securities, and Korea Investment & Securities have signed on as underwriters to the planned share offering. The company itself has confirmed no details of the date, structure, or size of the share sale.
In May, BHE revealed some details of its financial performance as a private company. It said that it made $85.4 million of operating…