Samsung Life to file Weds for $4.7 bln IPO - source

Newswire

SEOUL, March 30 (Reuters) - South Korea's top life insurer Samsung Life is set to file for the country's biggest IPO on Wednesday, estimated at up to $4.7 billion, said a person with knowledge of the matter. Samsung Life shareholders will offer 44.4 million shares, including 5 million shares from Shinsegae , said the source, who declined to be identified as he was not authorised to talk to the media. Shinsegae, South Korea's top retailer, had been widely expected to sell into the IPO ...

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