Cheil raises $1.4b in landmark Korean IPO

Listing of the de facto holding company for Samsung Group is Korea's largest for four years, surpassing Samsung SDS's month-old share sale.

Cheil raises $1.4b in landmark Korean IPO

Cheil Industries, the de facto holding company for Samsung Group, raised $1.4 billion in an initial public offering of its shares on Friday, South Korea’s biggest IPO in four years.

Cheil sold 28.7 million shares at W53,000 per unit, at the top of the indicative W45,000 to W53,000 price range pitched by bankers.

The flotation met with exceptionally strong demand, attracting roughly $30 billion worth of orders from global institutional investors, according...

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