[Korea gimmingyeong financial newspaper reporter] ING Life went on this early May public offering of securities in the target market listing.
According to the report submitted on the 23rd Securities Financial Supervisory Service ING Life Insurance it is expected to start IPO subscription targeted at retail investors next month 27-28 days. MBK Partners, a shareholder of existing shares 40.9% stake in ING Life Insurance (33.5 million shares) is the target.
No additional 6.7 million shares of the new issue is reportedly allotted to retail investors.
Gongmoga hope of ING Life Insurance 1500 10 000 3 ~ 4 million won and complicity scale equals one trillion 552 billion 10 000 5000 1 ~ amounted to 1 trillion 340 billion won. Considering the last year based on the net assets of ING been a life 4.1474 trillion won is expected to record a 2 ~ 3 billion the 5380 one trillion one trillion market capitalization of 2800 billion after the listing.
MBK Partners offer you complete the IPO until next 28 days will be listed on the securities market May 08. Samsung Securities and Morgan Stanley Securities KB Sponsor representatives, Daewoo, Mirae Asset, Goldman Sachs participates as co-organizers.
ING Life is 12 years since it was founded in 2013 as a subsidiary of Korea Life Insurance Netherlands 1991 MBK Partners has acquired the management rights. Proceeds from the sale of operations in May last year but did not succeed Saad, such as domestic and foreign negatives overlapping, and turn to the IPO (IPO).
Operating income in 2015 of ING Life Insurance is 4.678 trillion won, 304.8 billion won net profit. And the net operating revenue in the third quarter of last year, cumulative net profit was a record 3 trillion 178.6 billion won, 180.8 billion won, respectively.
ING Life charges listed in the preliminary examination last month and it was approved by the Korea Exchange in just one month. 'Fast Track (simplified public examination), operating in Korea Exchange is due.
The company will raise 700 billion won in sales in the past year, the average 500 billion won over the past three years in order to receive the fast-track application. Profit basis, it is possible Aya exceeded 30 billion over the past year, the past three years more than 60 billion total. 2013 average annual sales in 2015 of ING Life 3.7673 trillion won, and operating profit during the same period the total was applied to the classification, Fast Track to large blue chip companies amounted to 961.9 billion won.
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