ICICI Prudential AMC IPO Gears Up: Prudential Plc Eyes $300M Pre-IPO Placement Amidst Massive Investor Interest!

Overview

Prudential Plc aims to raise $300 million via a share placement in ICICI Prudential Asset Management Co. before its initial public offering (IPO). The Indian joint venture's IPO is expected to raise up to $1.1 billion, valuing the company at $11 billion. Regulatory approval for the IPO is anticipated shortly, potentially boosting India's strong IPO market further.