CIC benefits as AIA HK IPO prices high
China Investment Corporation (CIC) stands to benefit as a key investor as insurer AIA, the Asian arm of troubled American International Group (AIG), priced at the top of its range, valuing the company at some $30.5 billion, amid heavy investor demand.
Reports indicate that CIC may have sought around $250 million, with AIG due to receive some $17.8 billion from the sale. The listing will be the world's third largest IPO ever, and Hong Kong's largest...
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