0941 GMT - Prudential PLC could potentially unlock shareholder value with the listing of its Indian asset management business, UBS says in a note after press reports pointed to a $1 billion IPO representing an initial around 10% free float. The IPO of the entire business would lead to an around 6% loss in earnings but return around 15% of its market capitalization to shareholders, analysts write. They calculate that more than $2 billion in net cash could be realized over the next three years. "We believe we are nearing a potential listing, given previous Asset Management IPOs have taken 4-8 months to execute, taking a potential IPO date to Jun-Oct 25," they say. Shares in London are up 1% at 835 pence. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

May 27, 2025 05:42 ET (09:42 GMT)

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