AIG eyes IPO for Asia unit.American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. inc. said it will speed up efforts to position its Asian life operation, American International Assurance American International Assurance known as AIA (美國友邦保險) is a famous insurance company based in Hong Kong. It has offices in Asia-Pacific region including China, Australia, New Zealand, Japan, India, Malaysia, South Korea, Thailand and Co. Ltd., as an independent entity and seek a public listing on an Asian stock exchange for AIA AIA - Application Integration Architecture , depending on market conditions and regulatory approval. AIG said it has "undertaken a request for proposal process to select global coordinators and book runners" for an initial public offering. The process will be managed by Blackstone Group, AIG's global financial adviser for its restructuring program and IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. adviser for the AIA Group transaction. Any IPO of AIA could involve the sale of about 20% to 30% of its equity and raise more than US$5 billion for the group. A Hong Kong-based spokeswoman for AIG declined to comment. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion