|Bid||22.950 x 0|
|Ask||23.000 x 0|
|Day's range||22.650 - 23.450|
|52-week range||17.900 - 34.750|
|Beta (5Y monthly)||0.74|
|PE ratio (TTM)||6.73|
|Forward dividend & yield||1.31 (5.71%)|
|Ex-dividend date||14 May 2020|
|1y target est||39.20|
Shares in China Pacific Insurance Co (CPIC) rose on their London market debut on Wednesday, in a boost for a stock exchange link-up between Britain and China designed to improve investment and trade relations between the countries. CPIC said it had priced a $1.8 billion listing of global depositary receipts (GDRs) in London at $17.60 per share, making it the biggest listing on the London Stock Exchange this year so far. "The listing will support our expansion into new markets and facilitate the company in introducing high-quality investors around the world," Kong Qingwei, chairman and executive director at CPIC, said in a statement.
Shares in China Pacific Insurance Co (CPIC) rose on their London debut on Wednesday after the company completed the largest fund raising on the London Stock Exchange in three years, sparking hopes of a revival in the market for initial public offerings. In a boost for a stock exchange link-up between Britain and China designed to improve investment and trade between the countries, CPIC <601601.SS> <CPICq.L> completed a $1.8 billion (£1.4 billion) listing of global depositary receipts (GDRs) at $17.60 each. This makes it the biggest fundraising exercise in London since AIB in June 2017, according to a London Stock Exchange official.
China Pacific Insurance <601601.SS> launched a London listing on Friday to raise up to $2.15 billion (£1.70 billion), reviving a scheme to build investment links between the two countries after a series of delays. CPIC will look to sell just over 113 million global depositary receipts (GDRs)- including the greenshoe over-allotment - and has set a price range of $17.60-$19.00 per GDR, one of its lead managers said. The original plan was for several companies to take part in the scheme in the first couple of years since its 2018 launch, but so far only one company, Huatai Securities <HTSCq.L>, made the trip from Shanghai to London last June.