New China Life raises $1.9 billion ahead of dual-listing

The Chinese insurer priced its IPO in Hong Kong and Shanghai near the bottom of the range. China Polymetallic Mining and Baoxin Auto also get their deals across the line in a busy week for Hong Kong IPOs.

Anette Jönsson

December 09, 2011

New China Life Insurance has raised $1.9 billion after becoming the first of three companies to successfully price a billion dollar plus IPO this week. It is expected to be followed today by Chow Tai Fook Jewellery and Haitong Securities, which are seeking up to $2.8 billion and $1.7 billion respectively from their Hong Kong listings.

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