The insurer is looking to ensure the listing is active before it launches a rights issue as part of a bid to raise $20 billion from its shareholder-base.
Prudential is undertaking the issue after announcing details of its planned acquisition of the Asian arm of American Insurance Groupâs (AIG) business, AIA for $35.5 billion.
In a statement, the company said: âPrudential has made an application to the Hong Kong Stock Exchange for the listing of, and permission to deal in, its shares and it is now aiming to have the listing effective prior to launch of the rights issue announced on March 1st 2010."
The new listing will work in collaboration with its floatation in London and no new shares are due to be offered as part of the move.
AIG is to receive $25 billion as cash, $8.5 billion in equity and equity securities and $2 billion worth of stock as part of the transaction.
By Jim Ottewill