Prudential Announces Successful Listing of ICICI Prudential Asset Management Company Shares on Indian Stock Exchanges

Prudential announced that ICICI Prudential Asset Management Company (IPAMC) has successfully listed on the Bombay Stock Exchange and the National Stock Exchange of India under the ticker symbol ICICIAMC. The IPO was priced at INR 2,165 per share, giving IPAMC a market capitalization of INR 1.07 trillion (approximately US$11.8 billion) upon listing. Prudential continues to hold approximately 35% of its shares through its subsidiaries. The estimated net proceeds from this IPO and the earlier pre-IPO private placement amount to INR 130 billion (approximately US$1.4 billion), which are intended to be returned to Prudential shareholders, subject to necessary regulatory and shareholder approvals.