GIC Re launches hot $1.7bn IPO to early demand

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GIC Re launches hot $1.7bn IPO to early demand

Jonathan Breen
October 11, 2017 10:30 am
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Insurance concept: computer keyboard with word Reinsurance, selected focus on enter button background, 3D rendering | Maksim Kabakou - stock.adobe.com

Investors rushed toward the Rp113.7bn ($1.7bn) IPO of General Insurance Corp on Wednesday, bringing enough orders to cover over 70% of the book by midday, a show of early demand rarely seen in bookbuilding for an Indian listing.

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Deutsche BankEquity IPOsEquityCitiIndiaAsiaSouth AsiaAsia PacificEmerging MarketsHSBC
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Jonathan Breen
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