Fosun considers IPO of Ironshore shares

Fosun International, the parent company of Bermuda insurer Ironshore, is considering an initial public offering (IPO) of its Ironshore ordinary shares.

Currently a final decision has been made by the respective boards of directors of Ironshore and Fosun on whether, when or where to proceed with the possible offering.

The news is being made pursuant to and in accordance with Rule 135 under the Securities Act of 1933 and does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

Fosun acquired the remaining 80 percent equity interest in Ironshore back in November 2015.