Cheil Industries to open books ahead of $1.4b IPO

Books open Monday for Cheil Industries, which could raise as much as $1.4 billion, making it the country's largest flotation this year.

Cheil Industries, the de facto holding company for Samsung Group, will formerly begun bookbuilding on Monday for an initial public offering that could net Korea’s largest business $1.4 billion.

The syndicate for Cheil began gauging investor interest just days following Samsung SDS’s IPO in October and is hoping to replicate its success.

Samsung SDS’s international tranche was 45 times oversubscribed, allowing the issuer to price its shares at the top of the indicative price range and raise $1.1 billion on October 31. Its aftermarket performance has also been impressive Samsung SDS is up 110%.

As such, Cheil has not had any...

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