ING Life: MBK has high hopes for IPO

Is the private equity-owned group offering a compelling enough story to tempt investors back to a sector which has been on a downswing for well over a year?
April 03, 2017

Roadshows for a W1.1 trillion to W1.3 trillion $987 million to $1.17 billion flotation of ING Life Korea begin in Hong Kong this Thursday, marking the first time a private equity company has used an initial public offering to begin its exit process in Korea.

The insurer’s owner, MBK Partners and its co-founder, Michael Kim, have long held a reputation for innovation in the Korean financial services sector.

Yet in this instance, it is a case of innovation born out of failure. MBK first attempted to offload Korea's sixth largest life insurer by assets through a W3 trillion trade sale last year.

...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222