Pru applies for Hong Kong share listing

The insurer says it hopes to have shares listed in Hong Kong prior to launching its $20bn rights issue. When Pru announced the deal last week, it said it intended to raise some funding from Asian investors, and a Hong Kong listing is likely to increase the attraction for those in the Far East. The listing will be introduced as a dual-primary listing alongside ordinary shares in London, with no new shares offered until the rights issue.