Analysis & Comment

Prudential considers other options besides minority IPO for U.S. business

(Reuters) – Prudential (PRU.L) said on Tuesday it was actively evaluating other options in relation to its U.S. business Jackson along with preparations for a minority public offering, due to continued market turmoil on the coronavirus outbreak.

“Our business continues to be financially resilient,” Prudential said in a statement as businesses and organizations globally suffer disruptions as governments move to stymie the spread of coronavirus.

Prudential, Britain’s largest insurer, had announced plans earlier this month to float a minority stake in Jackson amid demands from rebel investor Third Point for a full break-up.

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