ICICI Prudential AMC IPO to launch Dec 12

• ICICI Prudential AMC to launch its IPO on December 12, concluding on December 16.
• The IPO is expected to be around Rs 10,000 crore, with anchor investor bidding on December 11.
• It is an Offer for Sale (OFS) of 4.89 crore shares by Prudential Corporation Holdings, with no fresh issue component.
• ICICI Bank holds a 51% stake and plans to maintain its majority shareholding in the AMC.
• This will be the fifth asset management firm and fifth ICICI Group entity to list on exchanges.

Why It Matters: ICICI Prudential AMC's IPO offers a new investment opportunity.