The two men in charge of ING's U.S. unit - IPOing today and set to be renamed Voya Financial...


The two men in charge of ING's U.S. unit - IPOing today and set to be renamed Voya Financial (VOYA) - are "the unsung heroes" of AIG, according to the former exec in charge of restructuring at the insurer. Voya CEO Rod Martin and COO Alain Karaoglan both oversaw AIG units as they were sold to raise capital. At the midpoint of the $21-$24 IPO price range, Voya would be selling for about 40% of book, a lower valuation than competitors MET, PFG, PRU, and LNC.

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Comments (2)
  • tennis111
    , contributor
    Comments (73) | Send Message
     
    Pricing for VOYA is below the expected range. Is anyong planning to buy some? It's not easy getting info on this one. Thanks.

     

    Issuer: ING US Inc.

     

    Offering: ING US Inc. Common Stock IPO

     

    The registration statement for the public offering of ING US Inc. Common Stock IPO has been declared effective and the offering is priced at $19.50 down from the expected price range of $21.00 to $24.00 with the offering size being 65,200,000 shares, up from the original offering size of 64,166,667 shares. The confirmation period has begun.
    1 May 2013, 06:46 PM Reply Like
  • azpat0
    , contributor
    Comments (3) | Send Message
     
    I bought some at $21.13 Anyone else buying this one? Cannot find out any info on it- so am buying it as a speculation that it won't keep declining in price. Patrick
    5 May 2013, 09:21 PM Reply Like
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