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Straight from the Specialists

No mad rush for life insurance IPOs

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(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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