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SEOUL — EcoPro Materials, a South Korean electric vehicle battery materials company, debuted on Seoul’s main stock exchange on Friday, with its shares rising as much as 43% in early trading from its initial public offering price.
The Pohang-based company raised 419.2 billion won ($323.1 million) in net proceeds from its initial public offering. It plans to invest 311.6 billion won in building production facilities. The IPO was the second-largest on the KOSPI exchange this year after Doosan Robotics brought in 421.2 billion won in September.
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