Prudential is planning a secondary listing on the Singapore Stock Exchange in addition to its dual primary listing in Hong Kong.
The listing gives Pru the ability to attract more investors before its massive planned rights issue to fund its $35.5bn agreed takeover of AIG's Asian businesses.
Pru expects to publish its rights issue prospectus on 5 May and has set a 24 May record date to participate in the issue.
CEO Tidjane Thiam says the plans for the group's dual primary listing in Hong Kong are well on track.
"Historically the UK has been, and will remain, the largest market for our investors and we are committed to our London listing. In addition to this presence, we are developing two more significant trading centres in Hong Kong and Singapore," he says.
"In this context, I am delighted to be able to announce our planned secondary listing in Singapore. The two new listings will enable investors in Asia to participate in the outstanding growth potential that Prudential offers.
"Prudential has a rich and extensive history in Asia, operating in Hong Kong for nearly 50 years and Singapore for over 75 years, and today's announcement reaffirms our long-term commitment to both these markets."
