AIA packs them in as IPO roadshow draws crowds
Going by the crowd at its roadshow yesterday, AIA Group already has the makings of a mega IPO. So many people turned up that the organisers had to put some of them in an extra room with a television transmitting the meeting.
AIA's US$15 billion IPO could well be the second-largest listing in Hong Kong this year, after Agricultural Bank of China, which raised US$22 billion from a Shanghai and Hong Kong dual listing.
Incidentally, AIA used the same venue where Agricultural Bank held its roadshow a few months ago. The bank's roadshow, too, was similarly packed, spilling into an extra room.
Crushed and squeezed
After being jailed for three years and fined nearly Euro5 billion (HK$53.44 billion) for defrauding his former employer Societe Generale, French rogue trader Jerome Kerviel said he was being made a scapegoat.