Skip to main content

据一家主承销商称,中国太保计划在伦敦上市筹资19.9亿至21.5亿美元,已经开始接受认购。

这家主承销商称,在上海上市的中国太保将寻求发行略多于1.13亿份全球存托凭证(GDR),已经将目标价区间定在每份17.60-19.00美元。

预计该交易将在6月16日定价,次日开始交易。

 

China Pacific Insurance launches up to $2.15 billion London listing

China Pacific Insurance launched a London listing on Friday to raise up to $2.15 billion, reviving a scheme to build investment links between the two countries after a series of delays.

CPIC will look to sell just over 113 million global depositary receipts (GDRs)- including the greenshoe over-allotment - and has set a price range of $17.60-$19.00 per GDR, one of its lead managers said. This represents about 9% of the company’s share capital in Shanghai.

The listing is expected to price on Tuesday, June 16, and trading is set to begin the next day.

Insurance giant Swiss Re has agreed to acquire up to 28.9 million GDRs in the offer, which is part of the Shanghai-London Stock Connect scheme which will allow mainland Chinese companies to expand their investor base.

The original plan was for several companies to take part in the scheme in the first couple of years since its 2018 launch, but so far only one company, Huatai Securities, made the trip from Shanghai to London last June.

Chinese authorities suspended new listings under the scheme in December — even as SDIC Power was in the process of completing a deal — but changed their stance earlier this year.

Huatai Securities and UBS are global coordinators and bookrunners along with Morgan Stanley, HSBC, China International Capital Corporation, and JP Morgan.

Related Articles

功承瀛泰落子武汉,拓展华中布局(ZH/EN)

by Charlie Wu 吴卓言 |

总部位于上海的功承瀛泰律师事务所近日正式成立武汉办公室,成为该所在全国范围内的第16家分支机构。

报名开始:2025 ALB China 区域市场排名:环渤海地区 / 2025 ALB China Regional Ranking: Circum-Bohai Sea Area

ALB China 2025年首个区域市场榜单:2025 ALB China 区域市场排名:环渤海地区,现已接受提名。

天驰君泰落子乌鲁木齐(ZH/EN)

by Charlie Wu 吴卓言 |

总部位于北京的天驰君泰律师事务所近日正式落子乌鲁木齐,设立其全国范围内的第34家分所。