AIA raises $17. 9bn to offer taxpayers like initial public Hong Kong

AIG has received $182bn U.S. taxpayers, and sale of shares of the AIA will help repay the loan.

Initial public offering is the largest in Hong Kong, surpassing 16bn list $ industrial & commercial bank of China in 2006 and is defined as the third largest in the world.


AIA said group of the shares of the initial public offer will be sold for HK$ 19.68 each - the upper end of a previous announced the range.It also increased the number of shares sold by its parent American 7 03bn, or a set of 58pc, 5 86bn or 49pc set.


If the underwriters exercise of overallotment option, the size of the IP offices to increase 15pc dollars.AIA 20.5 billion is set to start trading on October 29.


Geneva International Airport is the mark the end of two years in what once was considered its "Crown Jewel" attempt, this includes a repurchase of $35bn by prudential failed due to a lack of support from investors.


U.S. insurer has been selling assets to repay a loan (£ 115bn) of $182bn Government of United States after suffered massive losses in investment in the complex derivatives at the height of the financial crisis.


AIA is led by Mark Tucker, former CEO of Prudential.Prudentielle is greatest rival of the AIA in the Asian market key and a successful flotation could have important consequences for the group insurance in British Columbia Colombia.


Mr. Tucker said it intends to establish AIA as the "preeminent, rated Asian stock insurance deductible.


"I think that we live today in the"Asian century"with Asia likely to stimulate global growth for many years to venir.AIA - given its long history in Asia, highly committed people and strong brand - is a powerful platform to build on," he said to his appointment in July.


IAA in the area for over 90 years and operates in 15 markets, in anticipation of the operating profit before tax of $émetteurs.La company is valued at $30. 6bn on the final price of the intellectual property offices.


"Investors not dare miss this jumbo agreement, market has ample liquidity and the feeling is very strong," Antonny Cheng, a Gain Asset Management, fund manager told Reuters.


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