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Travelers Property Casualty Corporation, a subsidiary of Citigroup Inc., will offer investors 210 million shares in an initial public offering worth as much as $4 billion, the largest ever for an insurance company.
In June the outfit filed for an initial public offering worth around $75m.
Last month, ING sold its 9 percent stake in Capital One though a public offering worth around $3 billion.
General Motors Corp. returned to the public market in November with the world's largest initial public stock offering, worth $23.1 billion $333 per share).
EHealth, an online seller of health insurance, Tuesday said it plans to go public in an initial stock offering worth as much as $85 million.
Nextest Systems, a maker of systems to test computer chips, on Tuesday priced an initial public offering worth $75.6 million, according to an underwriter.
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Fortunately, Cambridge has smaller, cheaper offerings worth considering, like the Minx Air 100 and the Minx Go.
There have been 26 public offerings worth $3.97 billion in the second half of the year, compared with 12 worth $2.94 billion in the first half.
In recent weeks they have included offerings worth more than $1 billion from both Tata Consultancy Services, the country's largest information-technology services firm, and National Thermal Power, a government-owned electricity generator.Prime Database lists more than 80 firms in its pipeline of pending issues, waiting to raise more than 400 billion rupees ($9 billion).
In contrast, in the first quarter of 2003 only 4 companies came to market, in offerings worth only $1 billion.
In June, Woodside rejected a bid offering assets worth $3 billion for 428.9 million new shares.
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