By Denny Thomas

HONG KONG | Tue Sep 14, 2010 2:20pm IST

(Reuters) - Asian bourses are bracing for more insurance IPOs over
the next year, after AIA Group Ltd's expected record offer next month,
with regulatory changes and higher capital requirements forcing
companies to tap stock markets.
Asia will account for up to 40 percent of the global life insurance market's growth over the next five
years, according to a McKinsey study last year. China and India will represent about 70 percent of
that growth, the study says.
Even for mature markets such as Singapore, analysts expect an 11 percent annual growth rate in life
insurance premiums, while bigger markets such as India and China are likely to grow at about 15
percent annum.
"This is going to be the age of IPOs. There is more to come in Korea, China and India as well," one
banker said.
Korea's Kyobo Life Insurance Co and Mirae Asset Life, India's ICICI-Prudential and Reliance
Capital's (RLCP.BO) insurance unit as well as Dutch bancassurer ING's (ING.AS) Asian life
insurance business are among the sector IPOs waiting in the wings, bankers say.
That apart, China's Taikang Life and China Reinsurance Group plan to list on the Shanghai stock
exchange, which bankers say have an estimated value of about $7 billion.
"People are keen to invest in the life insurance sector as they get comfort from the fact that this is a
regulated sector. Fundamentally, it's play on the growth of middle class and spending power," said
another banker.
The sources declined to be identified as they were not authorised to speak to the media.
IPOs in India, the world's 10th biggest insurance market, will be sparked by the proposed increase in
foreign investment limits to 49 percent from 26 percent.
Asian insurance IPOs have already raised about $16 billion this year and AIA Group's $15 billion
float is set to make 2010 a record year for insurance IPOs in Asia.
AIA -- the Asian life insurance arm of American International Group Inc (AIG.N) -- is expected to list
in October, in what is likely to be Hong Kong's stock exchange's biggest-ever IPO.
M&A BUBBLING TOO
Apart from IPOs, dealmakers are also betting on a busy period for M&A in the Asian insurance
industry, which accounts for about 30 percent of global life insurance premiums.
Total insurance premiums in Asia rose by about 17 percent to $696 billion in 2008 from a year ago,
according to research firm Celent.

Apply for United Bank of India IPO: Swastika

Investmart
Published on Wed, Feb 24, 2010 at 12:40   |  Updated at Wed, Feb 24, 2010 at 13:18  |  Source : Moneycontrol.com
Swastika Investmart has come out with a research report on United Bank of India initial public offering
(IPO). The research firm has recommend applying for the issue with medium term investment perspective
and potential target of Rs 75-80 in next 6-10 months. However, considering the side-ways movement
seen in stock markets currently, stock may not witness good listing gains.

The 5 crore equity shares initial public offering (IPO) of United Bank of India has opened for subscription
on February 23, 2010. The price will be determined through a 100% book building process. The price
band is at Rs 60-66 per share and the issue is available at a 5% discount to retail investors. The IPO will
close on February 25, 2010.

It comprises a net issue of 4.75 crore equity shares to the public and a reservation of 25 lakh equity
shares for subscription by eligible employees. The issue shall constitute 15.80% of the post issue paid-up
capital and the net issue shall constitute 15.01% of the post-issue capital of the bank.

This issue has been graded by CARE as CARE IPO grade 4 indicating above average fundamentals and
by ICRA as ICRA IPO grade 3 indicating average fundamentals.

UBI will be able to raise Rs 300 crore to Rs 330 crore at the lower and upper price band, respectively.
The bank aims to utilise the funds to augment the capital base to meet Basel - II standards and to fund its
advances' growth.

Initial Public Offering (IPO) Free Essay,

Term Paper and Book Report
Initial Public Offering Paper Learning Team C Chris Smith, Kimberly Grimsley, LaShawn Williams, Tim Magin FIN325
Financial Analysis for Managers II David Harding September 17, 2007 Initial Public Offering Introduction A highlight for any
company is the issuance of publicly traded stock. While the reasons for an initial public offering (IPO) are straightforward,
the device for doing so is complex. An IPO is offering stock to the public on an open market for the first time. Consequently,
the alternate term for this process is "going public." The first recorded IPO was in July 1791 when equity in the Bank of the
United States was first offered for sale. In this paper Learning Team C will summarize the process companies go through in
order to go to market in an initial public offering. This will include the registration process, cost of issuance, the impact of
ownership control, and the source and application of funds. Registration, Disclosure and Compliance Issues The Securities
Act of 1933 mandates that a company provide a registration.