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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

AIA said to rise 9.2pct in ‘gray market’ after $17.8 bln IPO

Posted on 26 October 2010

From Bloomberg: AIA Group Ltd. traded 9.2 percent higher than its initial public offering price in unofficial over-the-counter trading yesterday after raising $17.8 billion in its Hong Kong IPO, according to three people with knowledge of the transactions. The Kuwait Investment Authority, Guoco Land Ltd. and Wharf Holdings Ltd. are among companies that bought stock in the IPO.

AIA’s shares last traded at HK$21.50 ($2.77) each yesterday according to “gray market” transactions brokered by Cantor Fitzgerald LP, said the people, who declined to be identified because the information isn’t public……………………………………Full Article: Source


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