China Re readies $2 billion IPO

Price guidance for the share sale expected later this month would make China's biggest reinsurer one of the cheapest listed insurance companies in Hong Kong.

China Re readies $2 billion IPO

China Reinsurance looks set to become one of the cheapest insurance companies listed in Hong Kong if, as expected, it floats later this month in a $2 billion deal.

Initial price guidance for its share sale, the first large initial public offering out of the gate in Hong Kong following a summer rout in Chinese shares, is set at HK$2.25 to HK$2.70 per share, sources familiar with the matter told Finance...

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