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Why Income Insurance may want to consider an SGX listing
Going public is one way for the insurer to draw new investors and boost the capital needed for its social mission.
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A way for Income to draw new investors and boost the capital needed for its social mission is to go public.
ST PHOTO: ARIFFIN JAMAR
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SINGAPORE - Now that Allianz’s $2.2 billion offer to take a controlling stake in Income Insurance is off the table, one alternative for the local insurer to continue growing its business is to undertake an initial public offering (IPO) on the Singapore Exchange (SGX).
Going public would enable Income’s retail investors to sell their shares on a convenient and transparent platform, and buy them back again later if they choose, an option currently unavailable to them.
