Initial Public Offering (IPO)
Direct Line Group: Divestment dilemma
The Royal Bank of Scotland may have formally announced plans for an initial public offering of Direct Line Group, but it still faces final decisions on the divestment of its insurance arm.
Post magazine - 27 September 2012
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Lloyd's backs IPO access for small companies
Lloyd's of London has welcomed lower barriers to entry to the London Stock Exchange for small companies.
Top five Asian stories
The top five Asian stories from www.insuranceinsight.com over the past seven days.
Top five European news stories
The top five stories from insuranceinsight.com over the past seven days.
AA float among Acromas options
Acromas is making "tentative steps towards a potential break-up" that could see a float of the AA for up to £5bn, according to the FT.
Indian regulator issues guidelines for general insurance IPOs
General insurance companies planning to tap the capital market for funds must have been in business for at least 10 years and will have to seek prior approval from the regulator, India's Insurance Regulatory and Development Authority said in draft…
Talanx in shock IPO turnaround
German insurance giant Talanx has made the unprecedented move of committing to an initial public offering barely seven days after saying it had cancelled the planned listing due to market sentiment.
Talanx resumes £3bn IPO days after abandoning float
Talanx AG is to restart plans to launch an initial public offering on the Frankfurt Stock Exchange, scheduled for October.
Direct Line Group banks to slash IPO charges
The banks co-ordinating the DLG flotation could charge less than normal in order to reinvigorate the market for initial public offerings.
Direct Line float will test the waters for IPO sentiment
A Direct Line Group initial public offering will be one of the UK's biggest ever general insurance listings, including Admiral's flotation in 2004, according to market experts.
Editor's comment: Wedding bells are ringing
Direct Line Group's confirmation on Friday of the intentions to make an honest woman of itself, by declaring its intention to formally proceed with an IPO suitor, has certainly injected a little feverish anticipation into the UK insurance market.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
DLG bosses to collect millions after IPO
Direct Line Group bosses are set to pocket millions of pounds in shares when the insurance asset floats on the London Stock Exchange.
DLG private equity bids still possible, says analyst
Analysts believe there is still a "good chance" that a private equity bid for Direct Line Group may emerge, despite RBS this morning stating its intention to float.
Former Prudential director joins Direct Line
Priscilla Vacassin has been appointed as a non-executive director of Direct Line Group.
DLG confirms intention to float
Direct Line Group has issued a statement confirming its intention to proceed with an initial public offering.
Talanx scraps IPO
Talanx AG is cancelling its initial public offering after investor's valuations of the company "deviated significantly" from the valuation given by banks managing the IPO.
Talanx pulls out of IPO
German insurer Talanx AG is to cancel its initial public offering after investor feedback on the company's valuation "deviated significantly" from analyst estimates.
DLG to offshore roles as part of £100m annual cost savings drive
Direct Line Group is set to offshore a "limited number" of chief operating office and sales, service and partnership roles as it begins to cut hundreds of UK jobs ahead of a planned flotation.
RBS could float DLG tomorrow
RBS is to launch an initial public offering of Direct Line Group on Thursday, reports have suggested.
US Treasury recovers £8bn after AIG stock sale
The US government made a profit of $12bn (£7.5bn) after selling $18bn worth of stock in America International Group on Monday.
Direct Line Group posts 7% profit increase in first results as standalone
As the deadline for Direct Line Group's anticipated flotation approaches, the insurance business posted a 7% jump in operating profit to £224.2m for the first six months of the year and revealed it has set a target of 15% return on tangible equity.
Talanx primed for autumn IPO if market remains stable
German insurance group Talanx is planning an initial public offering this autumn after putting its long-held ambitions on the back burner earlier this year.