Updated: Mirae bags smaller than expected $305m in Korean IPO

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Updated: Mirae bags smaller than expected $305m in Korean IPO

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Seoul skyline at night | leungchopan - Fotolia

South Korea’s Mirae Asset Life Insurance Co slashed the size of its IPO to W340.5bn ($304.8m) on June 25 after pricing the trade below guidance, following a slow-burning bookbuilding process.

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