- Retail Earnings in Focus Ahead of Shopping Season
- Apple Surpasses Nokia as Top Handset Maker by Profit
- In This Relay-Race Market, Who Gets Baton Next?
- Workers Staying Put at Their Jobs as Jobless Surges
- Three Things the US Can Do To Stop the Dollar's Decline
- Toll Brothers: More Contracts Signed, but Sales Down
- Ponzi Proceeds: Bidding on Madoff's Toys
- Bear Stearn Fund Managers Not Guilty on All Counts
- Commodity ETFs: Returns May Not Match Expectations
- Beware of 'Trampling Effect' When Market Tops: Manager
- Gold Heading to $1150: Art Hogan
- Starbucks Brews Up Growth
- Farr: An Extended Period—No Fat Lady in Sight
- More Upside if S&P Passes This Number: Market Pro
- Murdoch Lashes Out At Google
- Fighting The Flu Vaccine Critics
- Nov. 10: Unusual Volume Leaders
- Shadow Inventory Dwarfs Loan Mods
MOST SHARED
- Herbalife Vs. Hedge Funds
- Apple Surpasses Nokia as Top Cellphone Maker by Profits
- Gold Heading to $1150: Art Hogan
- Cramer Jeers J&J, Applauds Abbott
- Adobe Cuts 680 Jobs, to Take Charge
- Toll Brothers: More Contracts Signed, but Sales Down
- JPMorgan Chase to Hire 1,200 Mortgage Officers
- US Becomes Top Country Brand Under Obama: Survey
- SingTel Posts Higher Quarterly Profit, Cautious on Growth
Text Size 
Britain's Prudential is studying a possible public offering in Hong Kong or Shanghai, becoming the latest multinational interested in listing in the fast-growing region, media reported on Thursday.
 |
Mike Derer / AP |
Plans being considered could see the British insurance giant raise up to several billion U.S. dollars in such an offering, Hong Kong's Economic Journal reported, citing an unnamed source.
It said the company was currently deciding where to list.
Prudential's new Chief Executive Tidjane Thiam discussed an Asia listing during a trip to Hong Kong this month, and has made some preliminary evaluations of Shanghai and Hong Kong, according to the report.
Last month, the Financial Times, citing Thiam, reported that Prudential would look to Asia as a source of capital and could even seek to raise equity there.
Following the success of a $750 million hybrid capital raising in the region this year, Thiam told the FT he was positive over the prospect of further capital raising in Asia.
Prudential's reported interest follows U.S. gaming giant Wynn Resorts making a $1.6 billion Hong Kong IPO for its Asia assets, Wynn Macau, earlier this month. Rival Las Vegas Sands is in the midst of a similar offering.
British banking giant HSBC, which traces its roots back to Hong Kong, has also expressed interest in listing Shanghai when China creates new rules to allow such listings, expected sometime next year.
- Vote and suggest your own, and remember--there's a fine line between a hero and a zero.
- If you are lucky enough to have money and the time, this is a great time to see America, says CNBC's Jane Wells.
- What’s powering your microwave, fridge and computer? Part of it is fuel from Russian nuclear weapons. The NYT reports.
- One author sees lessons for you in Disney’s recent Makeover of Mickey Mouse: “Nice” doesn’t always win.
- With 123 years of history, slogans and commercials, Coca-Cola is the most recognized brand on earth.
- The opening of a virtual pet store in “World of Warcraft” could prove a cash bonanza for Activision-Blizzard.
Data is a real-time snapshot *Data is delayed at least 15 minutes