News > LIC, India's Biggest-Ever IPO, To Open Mid-March: What We Know So Far

LIC, India's Biggest-Ever IPO, To Open Mid-March: What We Know So Far

Life Insurance Corporation (LIC), India`s largest insurer, could publish key details of its mammoth initial public offering (IPO) this month and begin issuing public shares by mid-March.

LIC's listing is set to be India`s biggest-ever IPO, with the government aiming to raise up to $12.2 billion from selling a stake. Officials are working on the valuation of the company which manages more than $450 billion of assets.