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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| JP Morgan Chase and Co | NYSE:JPM | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.86 | -0.45% | 190.80 | 192.529 | 188.46 | 192.00 | 8,922,779 | 01:00:00 |
From May 2019 to May 2024
By Prudence Ho
HONG KONG--The government of South Korea is raising about $242 million by selling shares in Industrial Bank of Korea.
The Ministry of Strategy & Finance is selling 19.2 million shares in the lender at a fixed price of 13,000 won (US$12.65) per share, or a 4.8% discount of Thursday's closing price of 13,650 won, according to a term sheet seen by The Wall Street Journal Thursday.
The government is barred from selling any additional shares for 90 days.
Bank of America Merrill Lynch, J.P. Morgan Chase & Co., Korea Investment & Securities and Samsung Securities are handling the share sale, said in the term sheet.
IBK was established in 1961 as a policy bank to support small- and midsize businesses, and went public in 2003.
Write to Prudence Ho at prudence.ho@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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