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The Biggest IPOs in History
By siliconindia
American International Assurance
American International Assurance (AIA) raised $20.51 billion in its IPO in 2010. Britian’s Prudential had announced its intent to purchase AIA for $35.5 billion in March 2010, but fell out after the success of the IPO. AIA, the Asian life insurance unit of AIG was planned to use some of the proceeds to pay back the $182.3 billion that it had received as a bailout from the U.S. government during the last recession. the success of the IPO, made AIA the top gainer among the insurance shares in the U.S.
