Korea Life boosts IPO markets as shares rise on debut

17 Mar 2010

Korea Life Insurance, which raised $1.6bn in the country's biggest IPO in four years, lifted hopes for Asia's recovering IPO markets as it rose 8% on its debut on Wednesday.

Korea Life rose to W8,850 by the close of trading on Wednesday after selling shares at W8,200, handing investors a big first-day gain at a time when a number of other insurance companies are also looking to list.

The stock traded 11% higher during the day as investors ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial