Paytm’s IPO Oversubscribed but Doesn’t See Blow-out Demand From Investors November 15, 2021 By Vishwadha Chander, Chris Thomas and Sankalp Phartiyal BENGALURU – Paytm’s $2.5 billion initial public offering (IPO), India’s largest, was oversubscribed at the close of bidding on Wednesday,...
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...
Canadian P/C Insurer Definity Seeks to Raise $1 Billion in IPO November 9, 2021 By Kevin Orland Definity Financial Corp., the property and casualty insurer formerly known as Economical Mutual Insurance Co., is seeking to raise C$1.25...
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...
Berkshire Hathaway, Other Foreign Firms to See Payoffs From India’s Fintech Revolution November 2, 2021 By Saritha Rai, Suvashree Ghosh and Baiju Kalesh China’s transformation from a financial-technology backwater into a $46 trillion-a-year global leader in digital payments left most international investors watching...
AIG Announces Senior Leadership Changes; Readies for Life & Retirement Unit Spinoff October 26, 2021 Insurer American International Group announced senior leadership changes that it says strengthen the organization to deliver on its main priorities...
Fintech Paytm Gets Regulatory Nod for India’s Biggest Ever IPO: Source October 22, 2021 By Sankalp Phartiyal NEW DELHI – Indian fintech firm Paytm has received approval from the capital markets regulator for its $2.2 billion stock...
Russia’s Renaissance Insurance to Cut Size of IPO to $250M: Sources October 20, 2021 MOSCOW – Russia’s Renaissance Insurance Group will reduce the size of its IPO to $250 million from an initial $290...
FWD Group’s $2 Billion Insurance IPO Stalls in U.S.: Sources October 18, 2021 By Manuel Baigorri and Julia Fioretti Billionaire Richard Li’s U.S. initial public offering of his Asian insurance group, FWD Group Holdings Ltd., is stalling amid regulators’...
Russia’s Renaissance Insurance Seeks $1 Billion Valuation in IPO October 11, 2021 By Yuliya Fedorinova and Áine Quinn Renaissance Insurance Group JSC, Russia’s largest online policy provider, set a price range for its initial public offering in Moscow...