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[Alpha Biz=(Chicago) Reporter Kim Jisun] DN Solutions, South Korea's No. 1 machine tool maker, will push to list on the stock market.
According to the investment banking (IB) industry on the 4th, DN Solutions sent a RFP to major securities firms at home and abroad. DN Solutions will receive the proposal by next month and select the host company after a competitive presentation.
DN Solutions' market capitalization is expected to be between 3 trillion won and 4 trillion won.
In 2016, Doosan Infracore (currently HD Hyundai Machine Tool) took off its machine tool division and sold it to MBK Partners, a private equity fund.
DN Automotive, an auto parts maker that produces batteries and dustproof products, became a new owner by acquiring it for 2.12 trillion won in 2022.
At that time, financial investors such as Korea Investment & Securities Private Equity joined the acquisition, and financial investors are expected to recover their investments through old stock sales during the corporate disclosure process.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
