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

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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

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