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.

Previous: ING upsizes VOYA offering from 30M to 33M shares.

Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs