After the initial public offering of Tong Yang Life Insurance in 2009, Samsung Life Insurance and Hanhwa Life Insurance each in 2010, Mirae Asset Life Insurance’s initial public offering was the latest initial public offering in 5 years of the top four life insurance giants in Korea. The deal size was USD 340. 49 million making it the second largest IPO of 2015.
We acted as domestic counsel to the underwriters, advising on the all aspects of the securities registration statement and prospectus, drafting the firm commitment underwriting agreement, giving guidance on marketing restrictions as well as due diligence of the issuer to identify any legal issues prior to the IPO. Given the importance of the listing to the stock market as a whole, in an otherwise commoditised market, our involvement and the other firms is proof of our status in capital markets.
