According to investment banking sources, Kyobo Life Insurance is restarting its IPO bid on July 6, having initiated the process of selecting underwriters with plans to file for preliminary listing review by the end of 2026.
The South Korean insurer previously attempted to go public three times—in 2015, 2019, and 2021—without success. A key remaining hurdle is resolving a legal dispute with financial investors over put options, with IMM PE and EQT Partners seeking a recovery price above 310,000 won per share against their initial investment of 245,000 won per share.