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Strategies & Market Trends : Paint The Table

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To: Rich1 who wrote (6238)	12/13/2001 12:40:05 PM
From: John Pitera	Read Replies (2) of 23786

PRU has been rising today on it's NYSE debut. It's the biggest insurance IPO ever. JXM can tell you about how well MET performed after it's IPO, but that was at the bottom of the insurance cycle. No. 2 U.S. life insurer, rose about 8 percent in their market debut on Thursday, signaling moderate investor interest in the U.S. insurance industry's largest initial public offering ever. The first day of trading marks the completion of Prudential's shift from a mutual company -- owned by its policyholders -- to a public company, as it looks to access capital for expansion.

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