More from Renaissance Capital

PICC prices at HK$3.48, near the low end of the range

By Renaissance Capital,  November 30, 2012, 07:51:47 AM EDT

PICC, which offers property and casualty, life and health insurance in China, priced its 6.9 billion share offering at HK$3.48, near the low end of the range of HK$3.42 to HK$4.03. At US$3.1 billion, the deal is the largest Hong Kong IPO since AIA went public in October 2010. At the offer price, PICC commands a market cap of US$18.6 billion. Shares are expected to begin trading on December 7th.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: News Headlines, IPOs

Referenced Stocks:



Latest News Video

Tate Liverpool Celebrates 25 Years
Tate Liverpool Celebrates 25 Years  
'My Fiancé Died on Hard Shoulder'
'My Fiancé Died on Hard Shoulder'   
Religion & Porn: Top 12 U.S. Cities That Love Religion...and Porn!
Religion & Porn: Top 12 U.S. Cities...
Student Suspended For Yearbook Incident in Lincoln, Nebr.
Student Suspended For Yearbook Inci...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.21 0.10  0.75%
HPQ $ 24.86 3.63  17.10%
SIRI $ 3.545 0.01  0.28%
MU $ 11.39 0.47  4.30%
MSFT $ 34.15 0.46  1.33%
F $ 14.81 0.16  1.07%
QQQ $ 73.45 0.17  0.23%
GE $ 23.66 0.20  0.84%