Hitachi is preparing an IPO for its Global Storage Technologies unit, looking to finally rid itself of an unprofitable hard drive business that has been an albatross around its neck for years. In its announcement Tuesday, Hitac…
AIA shares soared in Hong Kong today on its first day of trading.
Continue reading AIA Hong Kong IPO Soars 17% — an AIG Win
AIA Hong Kong IPO Soars 17% — an AIG Win originally appeared on Daily…
Private-equity firms Apollo Management and TPG, which took Harrah’s Entertainment private in January 2008, are now preparing a $575 million initial public offering. An IPO may be just as bold a move as the buyout, as investors …
AIG (AIG) raised HK$138.3 billion ($17.8 billion) from the IPO of its main Asian unit, AIA, putting the troubled insurer on track to repay its U.S. government bailout.
AIG placed 7.03 billion shares at HK$19.68 a share, Bloomberg News said. The shares sold represent a 58% stake in the unit, AIA.
AIG’s CEO Robert Benmosche has said that selling the shares will help put the company…
Continue reading AIG Raises $17.8 Billion with Hong Kong IPO
AIG Raises $17.8 Billion with Hong Kong IPO originally appeared on DailyFinance on Fri, 22 Oct 2010 06:39:00.
Filed Under: Company News, Investing, American International Group, Taxes, Insurance, Market News
It’s not unusual for a departing chief exec to maintain some involvement with the corporation he or she led, usually by holding onto or taking a position on the company’s board of directors.
That can be a bad idea. Consider GM’…