Articles by Scott Murdoch and Nupur Anand

India’s LIC Prices IPO at Top of Indicated Range: Source

India’s Life Insurance Corp. (LIC) has priced its initial public offering at the top of the indicated range, at 949 rupees ($12.28), a source familiar with the matter said on Friday. The state-owned insurance behemoth is likely to be listed …

Prospective Investors in Giant LIC IPO Worried About Gov’t Control of Insurer: Sources

Prospective investors in Life Insurance Corp. of India’s (LIC) $8 billion IPO are seeking assurances from company management that it will not sacrifice their interests to meet the goals set out by the government, its controlling shareholder, sources said. In …

India’s State-Run Insurer LIC Set to Launch Record $8 Billion IPO on March 11: Sources

A public offering of shares by India’s state-run Life Insurance Corp (LIC), set to be the country’s biggest yet at $8 billion, is expected to open for anchor investors on March 11, three sources with direct knowledge of the matter …

Insurance Broker Hengguang Among Chinese Firms Filing Small New York IPOs

At least six Chinese companies have lodged documents for New York listings in recent weeks, filings showed, promising an end to a months-long freeze after an unprecedented clampdown last year by Chinese regulators. However, the plans are for initial public …

Asian Insurer FWD Group Raises $200M in Pre-IPO Funding: Sources

Asian insurer FWD Group has raised $200 million in new funding ahead of its planned Hong Kong initial public offering (IPO), according to two sources with direct knowledge of the matter. The sources could not be named as the information …

Asian Insurer FWD Group Weighs Shifting U.S. IPO to Hong Kong: Reuters

HONG KONG – Asian insurer FWD Group, controlled by Hong Kong billionaire Richard Li, is contemplating shifting its $2-$3 billion share sale from the United States to Hong Kong, said two sources with direct knowledge of the matter. The Hong …

Hong Kong Insurer FWD Adds Warnings About China Risks in SEC Filings for IPO

Hong Kong-based insurer FWD Group has told U.S. regulators it cannot guarantee that Beijing would not seek to “intervene or influence” its operations, adding to its list of risk factors as it tries to push ahead with a New York …

China Insurtech Waterdrop Raises $360M in New York IPO: Reuters

Chinese online insurance technology firm Waterdrop Inc. has raised $360 million by pricing its shares at $12 a piece in its New York initial public offering (IPO), according to two sources with direct knowledge of the matter. The company, which …

Chinese Insurtech Waterdrop Seeks $360M in New York IPO

HONG KONG — Chinese online insurance technology firm Waterdrop Inc. aims to raise up to $360 million in an initial public offering on the New York Stock Exchange, company filings show. Waterdrop, which is backed by Tencent, will sell 30 …

China’s Shock Suspension of Ant Group’s Listing Set to Hit Business Valuation, Growth

China’s surprise suspension of Ant Group’s record $37 billion listing is likely to delay rather than destroy its chances of a stock market debut though the financial technology giant’s valuation and growth prospects are set to take a hit. The …