PICC appoints legal firms for IPO preparations
Legal firms Slaughter and May, Sullivan & Cromwell and Davis Polk & Wardwell have picked up lead advisory roles as the state-owned People's Insurance Company of China gets closer to an initial public offering.
PICC Group is in the process of gauging investor interest with a view to generating $3bn (£1.87bn) to $4bn through the offering, which would make it Hong Kong's largest IPO this year.
Davis Polk is
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