Update: JPMorgan Buys First Republic Bank’s Assets After Government Auction May 1, 2023 By Scott Murdoch, Niket Nishant and Chris Prentice Regulators seized First Republic Bank and sold its assets to JPMorgan Chase & Co. on Monday, in a deal to...
Australia Regulator Questions Benefits of ANZ’s $3.3B Suncorp Buyout April 4, 2023 By Scott Murdoch and Byron Kaye Australia’s competition regulator said it was unconvinced a planned A$4.9 billion ($3.32 billion) buyout by Australia and New Zealand Banking...
Insurer FWD Delays $1 Billion Hong Kong IPO: Sources May 31, 2022 By Scott Murdoch Asian insurer FWD Group has delayed its $1 billion Hong Kong initial public offering (IPO) because of volatile financial markets,...
India’s LIC Prices IPO at Top of Indicated Range: Source May 13, 2022 By Scott Murdoch and Nupur Anand India’s Life Insurance Corp. (LIC) has priced its initial public offering at the top of the indicated range, at 949...
Prospective Investors in Giant LIC IPO Worried About Gov’t Control of Insurer: Sources February 22, 2022 By Nupur Anand, Aftab Ahmed and Scott Murdoch Prospective investors in Life Insurance Corp. of India’s (LIC) $8 billion IPO are seeking assurances from company management that it...
India’s State-Run Insurer LIC Set to Launch Record $8 Billion IPO on March 11: Sources February 18, 2022 By Scott Murdoch, Aftab Ahmed and Nupur Anand A public offering of shares by India’s state-run Life Insurance Corp (LIC), set to be the country’s biggest yet at...
Insurance Broker Hengguang Among Chinese Firms Filing Small New York IPOs February 15, 2022 By Samuel Shen and Scott Murdoch At least six Chinese companies have lodged documents for New York listings in recent weeks, filings showed, promising an end...
Asian Insurer FWD Group Raises $200M in Pre-IPO Funding: Sources January 19, 2022 By Scott Murdoch Asian insurer FWD Group has raised $200 million in new funding ahead of its planned Hong Kong initial public offering...
Asian Insurer FWD Group Weighs Shifting U.S. IPO to Hong Kong: Reuters November 10, 2021 By Scott Murdoch, Julie Zhu and Kane Wu HONG KONG – Asian insurer FWD Group, controlled by Hong Kong billionaire Richard Li, is contemplating shifting its $2-$3 billion...
Hong Kong Insurer FWD Adds Warnings About China Risks in SEC Filings for IPO November 3, 2021 By Scott Murdoch Hong Kong-based insurer FWD Group has told U.S. regulators it cannot guarantee that Beijing would not seek to “intervene or...