On Friday, Hotel Lotte has announced that it has picked the Bank of America Merrill Lynch, Daewoo of South Korea and the Citigroup as the IPO advisors. The hotel has planned for an Initial Public Offering soon. For that the hotel has now chosen the advisors. The list of advisors also includes Goldman Sachs, Korea Investment and Securities, Nomura and Mirae asset securities. These companies will be co advising the Hotel in IPO along with the lead advisors. The hotel will soon be entering in to IPO, says the sources.
Planned on august this year
The Hotel has actually planned to enter into the market by the month of august this year. The processes have already started early this year. The IPO of the company has brought a better return last time. This time also the hotel is expected to perform better in the IPO. This plan of IPO has started when Lotte’s Chairman Shin Dong Bin has announced last month that the corporate transparency would be improved soon. Lotte is now been controlled by the Japanese shareholders majorly. About 99 percentages of the company was taken under control by the Japanese share holders and that includes the Tokyo based share holdings and also many unlisted companies.
The market capitalization of the company was expected to be 10 trillion by the company. But the market rates states that the market capitalization would go beyond or reach at least 20 trillion. This was analyzed as the hotel has the large stakes and also strong earnings. The Hotel was eshtablished in the year 1973. The hotel now owns a stake of about 8.83 percent in the Lotte shopping and 12.99 percentages in the Lotte Aluminums. The Tokyo based firms hold a stake of about 19.07 percentages in the Lotte Hotel.
The 2016 IPO will be a huge success
According to the data available now, the IPO that the company has planned in the early of 2016 will be a huge success. The Hotel runs a good business now and it holds good stakes with the other units of the Lotte network. Hence it is expected to do better in the IPO. Many investors are showing interest in getting into the IPO of Lotte. The price of each unit is not been calculated yet. Soon the investors are expecting the Lotten Hotel unit to announce the date of its commencement of IPO and also the price of each share.
The chairman of Lotte, Shin dong bin is all set to face the parliamentary audits. He is very sure that nothing should hinder the company’s IPO. The market is also doing well now. Experts say that, according to the company’s current database and activities that it has planned in future, it will definitely get high returns in the IPO. The existing investors have also planned to sell their shares along with the IPO of Lotte. Many existing investors have planned to remain with the Lotte network even after the IPO.
Planned on august this year
The Hotel has actually planned to enter into the market by the month of august this year. The processes have already started early this year. The IPO of the company has brought a better return last time. This time also the hotel is expected to perform better in the IPO. This plan of IPO has started when Lotte’s Chairman Shin Dong Bin has announced last month that the corporate transparency would be improved soon. Lotte is now been controlled by the Japanese shareholders majorly. About 99 percentages of the company was taken under control by the Japanese share holders and that includes the Tokyo based share holdings and also many unlisted companies.
The market capitalization of the company was expected to be 10 trillion by the company. But the market rates states that the market capitalization would go beyond or reach at least 20 trillion. This was analyzed as the hotel has the large stakes and also strong earnings. The Hotel was eshtablished in the year 1973. The hotel now owns a stake of about 8.83 percent in the Lotte shopping and 12.99 percentages in the Lotte Aluminums. The Tokyo based firms hold a stake of about 19.07 percentages in the Lotte Hotel.
The 2016 IPO will be a huge success
According to the data available now, the IPO that the company has planned in the early of 2016 will be a huge success. The Hotel runs a good business now and it holds good stakes with the other units of the Lotte network. Hence it is expected to do better in the IPO. Many investors are showing interest in getting into the IPO of Lotte. The price of each unit is not been calculated yet. Soon the investors are expecting the Lotten Hotel unit to announce the date of its commencement of IPO and also the price of each share.
The chairman of Lotte, Shin dong bin is all set to face the parliamentary audits. He is very sure that nothing should hinder the company’s IPO. The market is also doing well now. Experts say that, according to the company’s current database and activities that it has planned in future, it will definitely get high returns in the IPO. The existing investors have also planned to sell their shares along with the IPO of Lotte. Many existing investors have planned to remain with the Lotte network even after the IPO.