Weekly investors roundup: India’s largest ever IPO by Life Insurance Corp oversubscribed 2.95 times; Saudi Public Investment Fund allows investments in Israeli firms
India’s Life Insurance Corp initial offering was oversubscribed 2.95 times, with participation from Norges Bank Investment Management, GIC, ADIA, and domestic funds; the Saudi Public Investment Fund will allow investments in Israeli companies for the first time with a $2 billion commitment in private-equity firm Affinity Partners; Hong Kong's Exchange Fund posts $7 billion quarterly loss; and more
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India’s largest ever initial offering (IPO) by Life Insurance Corp (LIC), was oversubscribed 2.95 times as foreign institutional investors stepped up their bids in the last hours before the close of subscription on Monday (May 9), shunning currency risks and global market uncertainties.
Overseas investors put in orders for 61% of the shares set aside for institutional buyers in the $2.7 billion IPO – a third of the original target from the sale of a 3.5%…
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