Ping An raises US$5b in mainland IPO
Updated: 2007-02-14 09:45
The Shenzhen-based Ping An Insurance (Group) Co raised 38.87 billion
yuan (US$5 billion) as the second mainland-listed insurer, source said today.
The country's second biggest insurer after China Life Insurance set an offer price at 33.8 yuan a piece, at the top limit of its offer price range, sources said today. The insurer is set to officially announce the price later today.
The Shenzhen-based insurer priced its new shares from 31.8 yuan to 33.8 yuan.
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