Lotte Shopping breaks South Korean record

Lotte Shopping has completed South Korea's biggest flotation, raising $3.5bn (€2.9bn) in the second dual listing from the country on the London and Seoul stock exchanges.

Global depositary receipts in the company, South Korea's largest chain of department stores, were trading up 5.7% at $21.85 in the first hours of trading in London this morning, valuing the company at $12.4bn.

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