Seeking Alpha

ING/VOYA underwriters exercise greenshoe option

  • The move has the underwriters purchasing 4.95M additional shares of ING U.S. (VOYA) from ING at the offering price of $29.50 each. A nice move by the bankers - VOYA closed at $30.50 today.
  • ING's stake in VOYA will now be cut to 57%; it was 71% prior to the offering.
  • Press release.
  • Previous: ING upsizes VOYA offering from 30M to 33M shares.
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