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SoftBank-Backed Ride Startup Seeks at Least $119 Million in IPO

South Korea’s biggest car-sharing service provider plans to sell 4.55 million new shares at an indicative price range of 34,000 won to 45,000 won apiece, according to a document reviewed by Bloomberg. The company, which will list on the Korea Exchange on Aug. 18, plans to use the proceeds mainly for acquisitions and to cover operational costs.

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