ICICI Prudential AMC IPO launches Dec 12; Prudential offloads 10% stake

• ICICI Prudential Asset Management's India IPO opens on December 12.
• British insurer Prudential plans to sell about a 10% stake (up to 49 million shares) in the IPO.
• The three-day share sale will see anchor investors bid on December 11, with listing expected on December 19.
• The company is a joint venture between ICICI Bank (51%) and Prudential.
• The IPO targets a $12 billion valuation through a $1.2 billion offering; no new shares are being sold.

Why It Matters: This IPO creates a new investment opportunity in a leading Indian asset manager.