Seeking Alpha

Santander Consumer USA raises IPO pricing range to $24-$25/share

Santander Consumer USA (SCraises its IPO pricing range to $24-$25/share from $22-$24/share previously. Pricing is expected after market close today, a day earlier than expected.

The new range means the auto lender could raise up to $1.88B, a figure that can be pushed to >$2B if underwriters exercise the overallotment.

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