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Banco Santander (SAN) mulls an IPO of its U.S. auto-finance unit, not long after it raised $4B...

Banco Santander (SAN) mulls an IPO of its U.S. auto-finance unit, not long after it raised $4B by peeling off a slice of its Mexican business in an IPO. Santander has a book of about $18B in the U.S. and is seeking a valuation of at least $6B, according to sources. The bank is looking to sell high as it deals with troubles back home.
Comments (3)
  • jtalpha75
    , contributor
    Comments (337) | Send Message
     
    will this IPO bring down share value?
    21 Nov 2012, 02:01 PM Reply Like
  • oneinfiniteloop
    , contributor
    Comments (663) | Send Message
     
    Heard back from Caiman that he has done a writeup on SAN which will be published soon, knowing his detailed analysis skills I think he will cover the dilutive aspects if any.

     

    IMO, it is very likely that the stock will do a reverse split sometime in the near future once the overall financial condition improves in Europe - but I also expect them to increase the dividend payout along with that. Overall I am very happy with my SAN and NOK purchases.

     

    As you may be aware Cramer has recently (27 November 2012) talked very bullish about SAN and expects it to go way above $10+ very soon. Since that call I am seeing distinct Cramer effect - or so I like to believe :)
    30 Nov 2012, 10:31 AM Reply Like
  • beetender
    , contributor
    Comments (2) | Send Message
     
    Would this new issue be subject to Spanish taxes on dividends or interest?
    24 Nov 2012, 03:09 PM Reply Like
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