{"id":216,"date":"2016-06-03T10:14:14","date_gmt":"2016-06-03T10:14:14","guid":{"rendered":"http:\/\/blogs.isb.edu\/centre-for-family-enterprise\/?p=216"},"modified":"2025-12-31T09:43:45","modified_gmt":"2025-12-31T09:43:45","slug":"hotel-lotte-set-to-unveil-biggest-ipo-in-south-korea","status":"publish","type":"post","link":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2016\/06\/03\/hotel-lotte-set-to-unveil-biggest-ipo-in-south-korea\/","title":{"rendered":"Hotel Lotte set to unveil biggest IPO in South Korea"},"content":{"rendered":"<p>South Korea&#8217;s Hotel Lotte Co Ltd is planning a share sale worth up to 5.7 trillion won ($4.85 billion) next month, in what would be the world&#8217;s biggest initial public offering since late 2015. The listing is seen as part of the efforts by the group to simplify its ownership structure following a family feud over succession.<\/p>\n<p>Shin Dong-bin, the youngest son of 93-year-old founder Shin Kyuk-ho and CEO of the companies that are Hotel Lotte&#8217;s main shareholders, cemented control of the group in August last year, with the support of shareholders in a key Japan-based holding company. Older brother Shin Dong-joo is engaged in legal proceedings seeking to wrest control. This IPO will test investors\u2019 willingness to overlook corporate governance concerns at this family-run conglomerate.<\/p>\n<p>Hotel Lotte, which operates the largest hotel group in Kora and the world\u2019s third biggest duty-free shop, plans to use the funds to expand its duty-free business at home and abroad. The duty free business currently accounts for 86% of the revenues of the group and the company plans to become the biggest largest duty-free operator in the world.<\/p>\n<p><i>Source: CampdenFB<\/i><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Korea&#8217;s Hotel Lotte Co Ltd is planning a share sale worth up to 5.7 trillion won ($4.85 billion) next month, in what would be the world&#8217;s biggest initial public offering since late 2015. The listing is seen as part of the efforts by the group to simplify its ownership structure following a family feud [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false},"categories":[2],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hotel Lotte set to unveil biggest IPO in South Korea - Thomas Schmidheiny Centre for Family Enterprise<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2016\/06\/03\/hotel-lotte-set-to-unveil-biggest-ipo-in-south-korea\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hotel Lotte set to unveil biggest IPO in South Korea - Thomas Schmidheiny Centre for Family Enterprise\" \/>\n<meta property=\"og:description\" content=\"South Korea&#8217;s Hotel Lotte Co Ltd is planning a share sale worth up to 5.7 trillion won ($4.85 billion) next month, in what would be the world&#8217;s biggest initial public offering since late 2015. 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