September 8, 2021
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  • 10:10 am AIA float to top estimates

first_img AIG’S Asian life insurance offshoot AIA is set to hit the top end of estimates when it lists at the end of the month, with several reports claiming yesterday the float will raise $17bn to $20bn (£10.8bn to £12.7bn). Strong investor demand prompted AIG to close the books on one of the world’s biggest ever initial public offerings on Tuesday, several days earlier than expected. AIG could be left with just a 33 per cent stake in AIA to satisfy demand for shares when the Asian branch lists in Hong Kong on 29 October. Troubled US insurance group AIG is selling AIA on the Hong Kong stock market in an attempt to raise money to pay back its American bail-out fund. AIG tried unsuccessfully to sell the business earlier this year to Prudential for $35.5bn. The British insurer had asked AIG to cut the price to $30.4bn, but was turned down. AIA float to top estimates KCS-content More From Our Partners UK teen died on school trip after teachers allegedly refused her pleasnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Show Comments ▼ Sharecenter_img whatsapp Tags: NULL whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports Dropmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldFamilyMindedThe Most Common Astrology Questions People AskFamilyMindedOpulent ExpressHer Quadruplets Were Born Without A Hitch. Then Doctors Realized SomethingOpulent ExpressStadium TalkBest Basketball Player Ever From Every StateStadium Talk Thursday 21 October 2010 9:07 pmlast_img

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