SEOUL Aug 25 Samsung SDS Co Ltd, the IT
services affiliate of Samsung Group, has applied for
preliminary listing approval on the South Korean stock exchange,
two people with direct knowledge said on Monday.
The company, valued at 20.9 trillion Korean won ($20.49
billion) in the over-the-counter market on Monday, said in May
it plans to list by the end of this year.
The estimated size and timing of the offering was not
disclosed in the application, said one of the sources.
Both sources declined to be identified as not authorized to
speak to media. Samsung SDS declined to comment.
Goldman Sachs, Korea Investment & Securities
and JPMorgan are advising on the listing.
(1 US dollar = 1,020.0000 Korean won)
(Reporting by Joyce Lee)