Banco Santander (NYSE:SAN) reportedly plans to carry out an IPO of its Santander Consumer USA car-financing unit in H1 next year at a valuation of $6B. That would be 50% above the business' $4B valuation when Santander sold a stake to KKR, Warburg Pincus and Centerbridge in 2011. Any listing would follow the IPO of Santander's Mexican business in September, when it raised $4B.
Banco Santander (NYSE:SAN) reportedly plans to carry out an IPO of its Santander Consumer USA...
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Symbol | Last Price | % Chg |
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SAN | - | - |
Banco Santander, S.A. |