Cleary Gottlieb represented Mirae Asset Life Insurance and the selling shareholder in Mirae Asset Life Insurance’s Won 340.5 billion (approximately $307.4 million) IPO of common shares. Citigroup, Daiwa Capital Markets and Samsung Securities served as global coordinators and joint bookrunners. The shares were sold through a public offering in Korea and a Rule 144A/Reg. S offering elsewhere. The deal priced on June 25, 2015 and closed on July 2, 2015. The shares will begin trading on the KRX KOSPI Market of the Korea Exchange on July 8, 2015.
Mirae Asset Life Insurance is one of the premier life insurance companies in Korea, offering a broad range of life insurance and investment products and services.
