LIC $8b IPO

The IPO was initially set at 5%.

Initial reports predicted that the Indian life giant share sales would be at $8b.

Several current events may have factored in on the delay.

IPO is set to launch in March.

The insurer was frequently tapped to save struggling financial firms.

The jump in value was attributed to splitting of policyholders funds.

India’s biggest life insurer plans to sell 5% of its shares.