PICC adds four more banks to bookrunner line-up

The Chinese insurer now has 17 bookrunners helping it to raise up to $3.6 billion ahead of a Hong Kong listing, although the five global coordinators will take the lead.

Anette Jönsson

November 23, 2012

With the management road show and the institutional bookbuilding already under way, PICC Group early yesterday evening decided to elevate Citi, Haitong International, Morgan Stanley and UBS to joint bookrunners for its Hong Kong IPO, which is seeking to raise between $3 billion and $3.6 billion.

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