Prudential Plans to Raise $2.4 Billion From Hong Kong Offer.

STOCK exchanges; STOCKS (Finance); STOCK prices

The offering comes just over a week after Prudential completed the demerger of its U.S. unit, Jackson Financial Inc, a move that may accelerate its competition with pan-Asia life insurer rival AIA Group. Citigroup Inc., Goldman Sachs Group Inc., CLSA Ltd. and HSBC Holdings Plc are joint global coordinators for the offering. (Bloomberg) -- Prudential Plc plans to raise as much as $2.4 billion from its Hong Kong share offering after pricing the stock at a slight discount to its last close in Hong Kong. [Extracted from the article]

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