New China Life IPO

Bankers start pre-marketing New China Life Insurance

The Chinese insurer is expected to raise about $2.3 billion from a dual listing in Hong Kong and Shanghai as secondary markets continue to drop. In other news, Richard Li offers to buy additional shares to support the IPO of HKT Trust.
New China Life Insurance is aiming to raise up to $2.5 billion ImagineChina

New China Life Insurance yesterday started marketing for its dual listing in Hong Kong and Shanghai, with the management getting on the road in China and bankers starting pre-marketing to international institutions. The Chinese insurer aims to raise between $1.5 billion and $2.5 billion through the H-share offering in Hong Kong and as much as $1 billion through an A-share offering in Shanghai, according to sources.

However, given the continued volatility in global equity markets and the large number of IPOs set to fight for investors’ attention in Hong...

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