Prudential – New Chapter, New Checks
The previously announced demerger of the US business, Jackson, completed on 13 September 2021. Prudential plc (LON:PRU) has now announced it plans to raise up to $2.89bn by issuing new shares on the Hong Kong stock exchange. 95% of the new shares will be from a share placing. The remaining 5% will be from a public offer of new shares, available to Hong Kong residents, with a preferential offer for some Prudential employees. Q2 2021 hedge fund letters, conferences and more The majority of the proceeds will be used to repay debt, while the rest is earmarked to help Prudential make the most of gr...