Expert Zone

Straight from the Specialists

No mad rush for life insurance IPOs


(The views expressed in this column are the author’s own and do not represent those of Reuters)

Last week, the regulator finally released the long-awaited draft for insurance companies to raise capital through an Initial Public Offer (IPO). As soon as this announcement was made, the entire industry was caught in a frenzy trying to decipher every word.

Judging by the reactions of some industry big guns, although they are relieved it is finally out in the open, it may be a while before we see them rushing to float their IPOs.

Here’s my extract of the guidelines of issuance of capital by life insurance companies:

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