Fidelidade Said to Be Worth at Least €3 Billion in Revived IPO

Portuguese insurer Fidelidade is preparing for a potential IPO in Lisbon, with preliminary work underway to revive its public listing plans. The company, controlled by Chinese conglomerate Fosun International, could be valued at over €3 billion in the offering. Sources familiar with the matter confirm the revived IPO plans, though no official timeline has been disclosed. The listing would take place on Lisbon’s Euronext exchange, marking a significant move for Portugal’s financial sector. This follows Fosun’s 2014 acquisition of Fidelidade, which remains one of China’s largest European insurance investments.