Samsung’s Cheil woos investors for $1.4bn IPO

Cheil Industries threw open the books to its W1.52tr ($1.4bn) IPO on November 24 to much fanfare from investors, with early indications showing more than enough demand to cover the whole trade at the top of the price range. But the complexity of the company's structure, accompanied by restrictions imposed by the South Korean regulator on allocations, mean challenges still remain.