MBK fixes ING Life IPO pricing at bottom end

An unfavoured sector, unsettled markets and nearly three weeks of secondary market trading risk conspire to push pricing towards the bottom of the private equity firm’s expectations.

Asian private equity firm, MBK Partners, has begun its exit of ING Life Korea after pricing a 33.5 million secondary share deal at W33,000 per share, towards the bottom end of its indicative range.

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