Deutsche, Goldman and Morgan Stanley to lead AIA IPO

The revival of the Hong Kong listing comes after Prudential's bid to acquire the pan-Asia life insurer collapsed in early June.

AIA Group has mandated Deutsche Bank, Goldman Sachs and Morgan Stanley as global coordinators for its upcoming initial public offering, which has been revived after Prudential's $35.5 billion bid to acquire the company collapsed in early June, sources said yesterday.

The company is expected to add other banks as bookrunners later on.

AIA's parent company, American International Group AIG, confirmed earlier this week that it will proceed as soon as practicable with its previously announced plan for an IPO of its wholly owned Asian life insurance business on the Hong Kong stock exchange.

After reviewing various options to monetise AIA's substantial value, we have concluded that an IPO is our best option,...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222