ING U.S. (VOYA) prices its IPO at $19.50, below the $21-to-$24 expected range, which has prompted the company to sell more stock than it had anticipated. Initially, the company had planned to raise $600M from the offering while its Dutch parent, ING Groep, intended to unload enough U.S. shares to trim its stake in the business to 75%. However, because of the lower price, the sellers had to raise the size of the deal by 1.6% to 65.2M shares. The stock is set to trade tomorrow on the NYSE - Stay tuned, it's likely to be a wild ride.
ING U.S. (VOYA) prices its IPO at $19.50, below the $21-to-$24 expected range, which has...
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