BOOKBUILDING starts next week for the institutional offering of shares in South African life insurer SanLam, whose demutualisation and stockmarket flotation next month will be the largest IPO ever seen in the country. SanLam's demutualisation will create a publicly listed company, quoted on the Johannesburg and Namibia stock exchanges, with a market capitalisation of up to R17.5bn ($3bn).
October 30, 1998