South Korea's Mando Corporation in Won 498 Billion ($437 Million) IPO

May 14, 2010

Cleary Gottlieb represented Mando Corporation and the selling shareholders in Mando Corporation’s Won 498 billion (approximately $437 million) common stock IPO. J.P. Morgan and Woori Investment & Securities served as global coordinators and joint bookrunners, Citi and HMC Investment Securities served as joint bookrunners and Daewoo Securities acted as co-lead manager. The stock was sold through a public offering in Korea and a Rule 144A/Reg. S offering elsewhere. The deal priced on May 7, 2010 and closed on May 14, 2010.

Mando Corporation is a major global supplier for chassis-related automotive parts, primarily brake, steering and suspension components.