S Korea's Hyundai Engineering seeks to raise up to $1b via IPO

S Korea's Hyundai Engineering seeks to raise up to $1b via IPO

A ship sits under construction in a dry dock at the Hyundai Heavy Industries Co. shipyard in Ulsan, South Korea, on Sunday, April 23, 2017. Photographer: SeongJoon Cho/Bloomberg

South Korean construction company Hyundai Engineering‘s planned initial public offering (IPO) is expected to raise up to 1.2 trillion won ($1.02 billion), the company said on Friday.