Samsung Life completes largest Korean IPO at $4.4 billion

Korea's number one life insurer sets the price towards the top end of the range at W110,000 per share, representing a relatively modest 12% premium to main rival Korea Life Insurance.

Samsung Life, Korea's largest life insurance company, on Friday priced its initial public offering in the upper quarter of the indicated price range for a total deal size of W4.89 trillion $4.4 billion, confirming its status as the largest IPO in Korea ever, ahead of Lotte Shopping's W3.43 billion $3.54 billion offering in 2006.

It is also the largest insurance sector listing this year after Japan's Dai Ichi Life, which raised $11 billion...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES