Jupiter's de Blonay and Gibbs place order in AIA's giant IPO

Jupiter financials specialists Guy de Blonay and Philip Gibbs have placed an order for shares in the giant AIA share offering.

AIG is set to issue up to $20.5bn of shares in the AIA Group IPO, which has generated more than $200bn of demand. The pricing meeting is scheduled to start at 11pm London time tonight. Gibbs and de Blonay, managers of the £1.05bn Jupiter Financial Opportunities fund, also hold a stake in Prudential, which was forced to abandon its bid for the Asian insurer earlier this year after an investor backlash. "We think AIA is an interesting company, not only because it is involved in a part of the world where there is growth, but also because there is a new management in place. There is a cle...