US$1 billion commitment from Kuwait Investment Authority for its HK IPO, market sources
said.
The sources also stated that AIA has entered into agreements with several cornerstone
investors with estimated commitment accounting for 20% to 25% of the raised proceeds. The
cornerstone investors include Singaporean sovereignty fund and tycoons from Hong Kong and
Asia.
To attract institutional investors, AIA has lowered its valuation before and the present
upper limit has been set at US$30.5 billion (around HK$237.3 billion). (HL)
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IPO News
04/10/2010 17:04
AIA IPO secures US$1bn commitment from Kuwait fund