Samsung Group’s Cheil Industries in $1.4 Billion IPO

December 18, 2014

Cleary Gottlieb represented Cheil Industries and the selling shareholders in Cheil Industries’ Won 1.5 trillion (approximately $1.4 billion) IPO of common shares. Citigroup, J.P. Morgan, KDB Daewoo Securities and Woori Investment & 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 December 5, 2014 and closed on December 15, 2014. The shares began trading on the KRX KOSPI Market of the Korea Exchange on December 18, 2014.

Cheil Industries is a leading lifestyle solutions company in Korea and one of the flagship companies of the Samsung Group. Leveraging on some of the best-recognized brands in Korea, it engages in the fashion, food service, construction and leisure businesses. Cheil Industries debuted as the 13th largest company on the Korea Exchange by market capitalization, as the trading price of the common shares doubled at opening.