China Pacific Insurance IPO to raise up to $3.35 billion

CPIC sets price range at discount to Hong Kong comps and its current A-share price, while Rusal hopes for a listing approval that will allow it to go ahead with its $2 billion IPO tomorrow.

China Pacific Insurance Group Co CPIC has set a price range for its Hong Kong initial public offering at a level that based on current market prices promises a significant discount to its closest peers. The Shanghai-based company, which provides life as well as property and casualty insurance, kicked off its institutional roadshow yesterday and is scheduled to list on Hong Kong's main board on December 23.

According to sources, the deal will comprise 861.3 million H-shares at a price...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition


  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...