South Korean Stock Exchange approved provedenire record IPO Samsung Life
March 12, 2010 – 2:00 pmSouth Korean Stock Exchange on Thursday approved an IPO leading life insurance companies of the country Samsung Life Insurance, whose volume is estimated at $4 billion, which could enable him to become the biggest share issue in South Korea. Initial Public Offering of the insurer is scheduled for May. Other details of the IPO Samsung Life has yet to be set, including its final size and price range. Some local media believe that the amount of accommodation could reach $7 trillion. won ($6.3 billion).
company Samsung Life holds a leading position in the South Korean insurance market, which according to its volume in Asia behind only Japan. Currently, the largest IPO in the Republic of Korea – this location in 2006, shares of the country’s largest retailer, Lotte Shopping, which has attracted $3.6 billion
Company Korea Life floated a $1.8 billion last week. Another Korean insurance company Mirae Asset Life plans to raise $400-600 million through an IPO in the first half of this year.
You must be logged in to post a comment.