SEOUL, KOREA - The market value of Samsung SDS is rising high in the over-the-counter market, making it possible to be ranked as one of the top-ten market cap stocks as soon as it is listed on the KOSPI market late next month. Analysts expected the stock will be able to maintain a high price for an extended period of time given its status within the group as a de facto core holding company.
According to financial investment sources on September 16, the share price of Samsung SDS was 297,000 won on the 15th. The price has almost doubled in four months' time since May when the company announced an intial public offering plan.
The current market capitalization of the company is 22.9 trillion won based on the previous day's closing price of 297,000 won. This is 11th highest level after SK Telecom (23.8 trillion won) in the KOSPI market. Some analysts even suggested that Samsung SDS shares will rise further just before the IPO, easily becoming a top-ten largest cap.
The grounds for such an optimistic outlook are based on the fact that all the three children of Samsung Group chairman Lee Kun-hee hold stakes in the company. Lee Jay-yong, Samsung Electronics vice chairman, owns an 11.2-percent stake in Samsung SDI, the largest individual shareholder after Samsung Electronics (22.6%) and Samsung C&T (17.1%). Lee Bu-jin, Hotel Shilla president, and Lee Seo-hyun, Cheil Industries president, have a 3.9-percent stake in the company each.
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