Samsung’s Cheil prices IPO, set to raise $ 1.36 bn
08/12/2014 14:16
Cheil Industries, an affiliate of the Samsung Group, has priced its IPO at the top of its indicative range. The Company expects to raise USD 1.36 billion or 1.42 trillion Won. Expected to list on December 18, Cheil priced its IPO at 53,000 won per share, compared to an indicated range of 45,000 won to 53,000 won, after a bookbuilding exercise for institutional investors on last Wednesday and Thursday. Jay Y. Lee holds the single largest stake in Cheil Industries, at 25.1 per cent.
08/12/2014 14:16
Cheil Industries, an affiliate of the Samsung Group, has priced its IPO at the top of its indicative range. The Company expects to raise USD 1.36 billion or 1.42 trillion Won. Expected to list on December 18, Cheil priced its IPO at 53,000 won per share, compared to an indicated range of 45,000 won to 53,000 won, after a bookbuilding exercise for institutional investors on last Wednesday and Thursday. Jay Y. Lee holds the single largest stake in Cheil Industries, at 25.1 per cent.
