SEOUL, May 12 (Reuters) - Bids for Samsung Life Insurance Co Ltd came well above its initial public offering price ahead of the South Korean insurer's stock exchange debut.
The latest bid price for the company at 2320 GMT was 124,500 won, compared with the 110,000 won IPO price. Samsung Life, South Korea's biggest life insurer, raised $4.4 billion in the world's second-largest IPO so far this year.
(Reporting by Rhee So-eui; Editing by Jonathan Hopfner)
((soeui.rhee@thomsonreuters.com; +82 2 3704 5650; Reuters Messaging: soeui.rhee.reuters.com@reuters.net)) Keywords: SAMSUNGLIFE DEBUT/BID (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The latest bid price for the company at 2320 GMT was 124,500 won, compared with the 110,000 won IPO price. Samsung Life, South Korea's biggest life insurer, raised $4.4 billion in the world's second-largest IPO so far this year.
(Reporting by Rhee So-eui; Editing by Jonathan Hopfner)
((soeui.rhee@thomsonreuters.com; +82 2 3704 5650; Reuters Messaging: soeui.rhee.reuters.com@reuters.net)) Keywords: SAMSUNGLIFE DEBUT/BID (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.