Samsung SDS, Samsung Group’s key IT unit, has set the price range of its initial public offering at 170,000 won to 190,000 won ($161 to $180) a share, sources familiar with that matter said Tuesday.

Samsung SDS suggested the expected range of its IPO price to Korea Exchange, the main bourse operator, multiple sources said. It is a little more than half of the 340,000 won a share the company’s shares were trading for on the over-the-counter market on Monday.

Last week, the Korea Exchange approved Samsung SDS’ plan to go public as early as November, and it is expected to be the largest IPO this year.

If the IPO of Samsung SDS is priced at 190,000 won per share, its estimated market value will be 14.7 trillion won.

The IPO of Samsung SDS, however, is expected to be priced in the low or mid-200,000 won range due to the high prices of Samsung SDS shares on the OTC market. (Yonhap)