Mirae Delays IPO, Plans to Sell Shares to PE Firms

South Korea’s Mirae Asset Life Insurance has pushed back plans for an IPO next year, and decided to sell preferred shares to private equity funds, Reuters reported. The company plans to offer 400 billion won ($372.3 million) worth of preferred shares. Investors that participated in the funds included National Pension Service, Korea Teachers Pension and Korea Post, Reuters wrote.

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