Aditya Birla Sun Life AMC IPO - At a Slight Discount but There’s No Compelling Reason to Buy
Aditya Birla Sun Life Asset Management Company’s (ABSL) shareholders aim to raise around US$369m via reducing their stake in the company’s Indian IPO.
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FWD Pre-IPO - The Positives - Growing Fast
FWD, a pan-Asian life insurer founded by Richard Li, aims to raise up to US$3bn in its US IPO. In this note, we will talk about the positive...
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Prudential Hong Kong Offering - Well Flagged Pivot to Asia, Mind the Liquidity Gap
Prudential aims to raise around US$2.8bn via an international and public offering in Hong Kong. The deal has been in the pipeline for a while.
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Star Health Insurance Pre-IPO - Leading the Retail Healthcare Insurance Space
Star Health and Allied Insurance (SHAI), the largest private health and retail health insurance company in India, plans to raise around US$1.0bn in...
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Event Update - Relatively expensive deal compared to synergies - HOLD
Deal valued at 2.5x at current EV of Rs27.1bn for Exide Life, looks on expensive side but 35% discount to listed players (ex-HDFCLI) HDFC Life is...
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