Swiss Re suspends IPO citing weak demand

Suisse
On the 07.11.19 at 3:44PM

by

Tuba Raqshan

Swiss Re has suspended its initial public offering (IPO) plans for the British life insurer ReAssure, due to heightened caution and weak underlying demand in the UK primary market from large institutional investors.
Swiss Re
Bloomberg

Swiss Re’s chief financial officer John Dacey said that there was no pressing need to divest shares, postponing the IPO, as investors didn’t accept the company’s valuation between £2.8 bn to £3.3 bn.

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