Prudential Plc, Britain’s largest life insurer, plans to list on the New York Stock Exchange later this month in an effort to broaden shareholder base and possibly position the company for a U.S. acquisition.
Prudential’s announcement came just two days after the company successfully floated 20 percent of its Internet bank, Egg, on the London Stock Exchange, raising nearly $355 million. U.S. analysts have long expected Prudential’s move, knowing the company has been sniffing around for an opportunity to expand into American asset management.
Was this article valuable?
Here are more articles you may enjoy.