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Global Stocks Start Week Subdued
Global Stocks Start Week Subdued
Shanda Group Accumulates 11.7% LendingClub Stake
Shanda Group Accumulates 11.7% LendingClub Stake
Hedge Funds Place Record Bets Against Australia Banks
Hedge Funds Place Record Bets Against Australia Banks
Shares and Bonds Can Weather a Fed Rate Increase, Investors Say
Abreast of the Market
Shares and Bonds Can Weather a Fed Rate Increase, Investors Say
Bitcoin Catches On With Gold Bugs
Bitcoin Catches On With Gold Bugs
Brexit Could Tip the Economy Into Recession, U.K. Treasury Says
Brexit Could Tip the Economy Into Recession, U.K. Treasury Says
Investors Check Out of Europe
Investors Check Out of Europe
Germany’s Bayer Offers $62 Billion in Cash for Monsanto
Germany’s Bayer Offers $62 Billion in Cash for Monsanto
New U.S. Tax Rules Scuttle CF-OCI Fertilizer Merger
New U.S. Tax Rules Scuttle CF-OCI Fertilizer Merger
Big Tech’s Art of the Deal
Big Tech’s Art of the Deal
CLO Debt Market Peps Up
CLO Debt Market Peps Up
Temp-Worker Freeze Bodes Ill for Economy
The Outlook
Temp-Worker Freeze Bodes Ill for Economy
China’s Old-School Stocks Are Back in Style
China’s Old-School Stocks Are Back in Style
Swift Banking Network Struggles With Wave of Cyberattacks
Swift Banking Network Struggles With Wave of Cyberattacks

Lotte Group’s Hotel Unit to Seek Up to $4.8 Billion in South Korean IPO

If shares sell at the high end of the range, offering would be country’s largest ever

By

Hotel Lotte Co., centerpiece of South Korea’s fifth-largest conglomerate, said it plans an initial public offering in Seoul next month to raise up to 5.7 trillion Korean won ($4.8 billion), which would be the largest stock sale in the country’s history.

The IPO, announced Thursday in a regulatory filing, comes after a bruising family feud between the two sons of the conglomerate’s nonagenarian founder. Second son Shin Dong-bin...

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