AIG seeks early September listing for AIA
US insurance giant AIG is apparently looking to list its star Asian subsidiary AIA in Hong Kong toward the beginning of its expected listing window, planning to seek authorization around the third week of September, with the putative listing in October, with doubts over whether SWFs will pick up their expected pre-IPO stakes.
AIG also now appears to be expecting only some $15-20 billion from the IPO, rather than the $26-30 billion originally forecast. Some reports indicate that AIG is also no longer seeking strategic investors...
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