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 in late March, shortly before Samsung announced the details of its deal.
The Samsung IPO, which was made up entirely of secondary shares, saw strong response from international investors in...
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