AIG makes $17.8 billion from its Asian life insurer's IPO

After pricing at the top of its announced range, the initial public offering of AIA Group, American International Group's Asian operation, brought in $17.8 billion. The sale marks the biggest IPO ever conducted on Hong Kong's stock exchange and puts AIG closer to repaying debt to the U.S. government. Trading of AIA shares in Hong Kong is scheduled to begin Oct. 29.

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