SEOUL, Feb. 19 (Xinhua) -- South Korea's initial public offering (IPO) posted a double-digit growth last year as the highest number of promising companies went public, financial watchdog data showed Wednesday.
The IPO amounted to 3.2 trillion won (2.7 billion U.S. dollars) in 2019, up 23.1 percent from the prior year, according to the Financial Supervisory Service.
It came as the highest number of companies, which made losses but had technological prowess, were listed on the stock exchange.
The reading was 21 last year, the highest since the relevant regulations were introduced in 2005.
The number of manufacturers that went public in 2019 was 31, while the figures for the listing of companies in the biopharmaceutical and software sectors stood at 17 and 11 each.
