AXA: price set for the AXA Equitable Holdings IPO
(CercleFinance.com) - AXA announces the price for the initial public offering (IPO) of its American subsidiary AXA Equitable Holdings Inc.
at 20 dollars, or 2,745 million dollars in sales. The offering should start today on the NYSE and conclude on 14 May.
The insurance company will put 137.25 million AXA Equitable Holdings shares on the market, representing approximately 24.5% of the existing shares, with an over-allotment option of 30 days for close to 20.6 million additional securities.
The group also set the price for the offer of 750 million dollars of bonds exchangeable for shares in AXA Equitable Holdings. To be issued on 14 May, these bonds and will have a fixed rate of 7.25% per annum, payable on a semi-annual basis.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
at 20 dollars, or 2,745 million dollars in sales. The offering should start today on the NYSE and conclude on 14 May.
The insurance company will put 137.25 million AXA Equitable Holdings shares on the market, representing approximately 24.5% of the existing shares, with an over-allotment option of 30 days for close to 20.6 million additional securities.
The group also set the price for the offer of 750 million dollars of bonds exchangeable for shares in AXA Equitable Holdings. To be issued on 14 May, these bonds and will have a fixed rate of 7.25% per annum, payable on a semi-annual basis.
Copyright (c) 2018 CercleFinance.com. All rights reserved.