Report: FOSUN INTL's Fidelidade considers going public next year, with a valuation potentially exceeding 3 billion euros

According to informed sources, Fidelidade–Companhia de Seguros SA, a Portuguese insurance company controlled by FOSUN INTL, is conducting preliminary preparations for a potential listing in Lisbon, with a valuation that may exceed 3 billion euros. The largest insurance company in Portugal has recently engaged in discussions with banks and potential investors regarding a possible initial public offering. Fidelidade has not yet hired a financial advisor, with the goal of going public early next year. (Bloomberg)