South Korea’s biggest life insurer has announced to raise $4.52 billion by way of an initial public offering. Samsung Life, who has 27% of the SK Life insurance market will offer 44.4 million shares for a price band from 90,000 won to 115,000 won. The exact price will be decided April 27 for May 12 listing.
This IPO from the conglomerate will be the biggest ever for South Korea, easily surpassing Lotte Shopping’s $3.74 billion in 2006.
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