Decreasing the company’s value by $82 billion USD.
The biggest IPO in South Korea in the past three years.
Hitting the American market particularly hard.
The company’s shares grew 12% following the announcement.
A potential $6 to $8 billion USD valuation.
Just 10 days after becoming the fourth richest one.
Including United, Delta, and American Airlines.
After suffering an 18% decline in overall sales.
Raising $245 million USD in a new round of funding.
Despite recording $100 million USD less in earnings.
Replacing former CEO Phil Hess.
Facing a net loss of $255 million USD.