LG CNS, the information technology services affiliate of South Korean billionaire Koo Kwang-mo ’s LG Group, slumped almost 10% in its stock market debut in Seoul on Wednesday. The company ended the day with a market cap of 5.4 trillion won (about $3.7 billion).

The information-technology services affiliate of conglomerate LG Group raised around $825 million in South Korea’s biggest listing in three years.

SailPoint said on Tuesday it was targeting a valuation of up to $11.5 billion in its New York flotation, as the cybersecurity firm looks to go public again in the United States after more than two years.

Cybersecurity company SailPoint is hoping to sell $1 billion worth of stock in its upcoming IPO and offer another signal that IPOs will become hot again.

SailPoint Inc., an enterprise security software company owned by Thoma Bravo, and shareholders are seeking to raise as much as $1.05 billion in its initial public offering.