Ping An’s $4.75b sale shows HK is back

The Chinese insurer’s second attempt at a share sale brings in Temasek and a tycoon as investors. The deal also shakes up banker league tables.

Ping An’s $4.75b sale shows HK is back

Ping An Insurance’s HK$36.8 billion $4.75 billion share sale attracted investors including Temasek and a mainland Chinese tycoon, according to a source.

The bumper share sale by China's second-largest insurer by market share comes after China's rate cut boosted investors' appetite for stocks.   

The private placement of Ping An’s H-shares bumped Morgan Stanley, who orchestrated the share sale, to the top of Dealogic’s equity capital market league tables, overtaking...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition

EVENTS