Life Insurance Corporation's Initial Public Listing Is India's Largest Ever

Originally published at: Life Insurance Corporation's Initial Public Listing Is India's Largest Ever - Daily Fintech

In 2019, Saudi Arabian Oil Co (Aramco) launched the world’s biggest Initial Public Offering (IPO). This enabled the Saudi government to raise $25.6 billion while diluting just 1.5% stake, at a valuation of $1.7 trillion. Soon, the Indian government plans to divest 5% equity for $8.7 billion in the insurance giant Life Insurance Corporation (LIC).…