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Hyundai won’t concern new shares within the IPO, during which its South Korean mother or father will sell as a lot as 17.5% of its stake within the wholly-owned unit that shall be valued at up to $19 billion. The London-based model has reported a turnover of £14.2m for 2023 and a pre-tax loss of £17.2m, according to newly-filed accounts with Companies House. The Leeds-headquartered division of the US group has reported a pre-tax revenue of £81.5m for 2023, having made a pre-tax lack of £19.7m in 2022. The International Monetary Fund uploaded documents …