Investor education underway for PICC, but who’s leading it?

The Chinese insurance company kicks off an IPO of $3 billion to $4 billion that looks set to become the largest Hong Kong listing this year.
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PICC is keeping investors in the dark about who will lead its IPO
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<div style="text-align: left;"> PICC is keeping investors in the dark about who will lead its IPO </div>

Bankers yesterday kicked off the investor education for the highly awaited IPO of state-owned Chinese insurance company PICC Group.

The company, which is actually called The People’s Insurance Company Group of China, is aiming to raise somewhere between $3 billion and $4 billion, which will make it the largest listing in Hong Kong this year. It could even be the largest in Asia if it exceeds the $3.3 billion raised by palm oil, rubber and sugar producer Felda Global Ventures in Malaysia. Hence it will help to improve the numbers for what has otherwise been a pretty dismal year for IPOs, particularly in Hong Kong.

However,...

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