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South Korean e-commerce retail marketplace announces terms for its IPO

June 14, 2006

GMarket Inc, a leading South Korean e-commerce retail marketplace that sells a wide range of consumer products, announced the terms for its IPO on Wednesday. The Seoul based company plans to offer 9.1 million shares at a range of $13.25 - $15.25. The proposed market cap for this deal is $727.4 million. Lead manager Goldman Sachs has yet to announce timing for the deal.