Doosan Bobcat's IPO plan gets S.Korean bourse nod, may raise $915m

Doosan Bobcat's IPO plan gets S.Korean bourse nod, may raise $915m

South Korean 10,000 won note is seen on U.S. 100 dollar notes in this picture illustration taken in Seoul, South Korea, December 15, 2015. REUTERS/Kim Hong-Ji

South Korea’s stock exchange approved on Tuesday Doosan Bobcat Inc‘s plan for an initial public offering (IPO) by the end of this year, expected by analysts to raise about 1 trillion won ($914.94 million).

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