PICC raises $3.1 billion from Hong Kong’s biggest IPO this year

The Chinese insurer attracts strong demand from fellow Chinese corporates and retail investors, while international institutions are more cautious.
<div style="text-align: left;"> PICC: China's dominant non-life insurance company </div>
<div style="text-align: left;"> PICC: China's dominant non-life insurance company </div>
December 03, 2012

PICC Group has raised HK$24 billion ($3.1 billion) from Hong Kong’s biggest initial public offering this year after fixing the price slightly above the bottom of the range.

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