Chinese Insurance Giant Anbang Said to Seek Bank Pitches for IPO

  • Owner of Waldorf Astoria hotel seeks proposals by end of week
  • Listing would provide more transparency, acquisition war chest

Anbang Insurance Group Co., the Chinese owner of New York’s Waldorf Astoria hotel, has asked banks to pitch for role on a planned Hong Kong initial public offering next year, according to people with knowledge of the matter.

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