25.10.2010 - AIA raises $17.8 bln and remains on track to be third largest IPO in the world
From Financeasia.com: The pan-Asian life-insurer prices at the top and exercises its 20% upsize option in full after attracting $130 billion of demand. The institutional demand included several sovereign wealth funds (in addition to the Kuwait Investment Authority, which participated as a cornerstone investor and bought $1 billion worth of stock), insurance funds as well as large global funds in general. Hedge funds were drawn to the deal partly because of the valuation, but also because of the liquid nature of the stock, which should make it easy to trade in and out of..............................................Full Article: Source
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