After Prudential dropped its bid for AIA, AIG opted to list AIA a few months later in October 2010 in a US$20.5 billion Hong Kong IPO that is still the biggest float globally by an insurer.
The IPO vindicated Mr. Thiam. AIA’s shares are up 145% since going public, outperforming the benchmark Hang Seng Index which is just up 3.9%, and the company now has a market cap of almost $75 billion. The $36 billion bid would have turned a huge profit for Prudential.
Credit Suisse was, in fact, one of the advisors on Prutential’s attempted takeover of AIA,with Mr. Dougan attending a three-hour session where Mr. Thiam presented his case at AIG’s Manhattan headquarters.
After Prudential dropped its bid for AIA, AIG opted to list AIA a few months later in October 2010 in a US$20.5 billion Hong Kong IPO that is still the biggest float globally by an insurer.The IPO vindicated Mr. Thiam. AIA’s shares are up 145% since going public, outperforming the benchmark Hang Seng Index which is just up 3.9%, and the company now has a market cap of almost $75 billion. The $36 billion bid would have turned a huge profit for Prudential.Credit Suisse was, in fact, one of the advisors on Prutential’s attempted takeover of AIA,with Mr. Dougan attending a three-hour session where Mr. Thiam presented his case at AIG’s Manhattan headquarters.
การแปล กรุณารอสักครู่..
