AXA: secondary common stock offering of AXA EH a success
(CercleFinance.com) - Yesterday evening AXA announced having successfully completed a secondary public offering of 60,000,000 shares of its US subsidiary AXA Equitable Holdings, Inc.
(EQH), at a public offering price of 20.25 dollars per share, along with the sale, to EQH, of 30,000,000 shares at the per share price paid by the underwriters in the public offering.
The net proceeds corresponding to the sale of 90,000,000 EQH shares from the offering and share repurchases amounted to 1.8 billion dollars (or 1.6 billion euros).
Following this sale, AXA's stake in EQH's capital decreases from 72.2% of EQH ordinary shares in issue, to 59.3%. AXA has also granted to the underwriters an option for the acquisition of 9,000,000 additional EQH shares within 30 days.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
(EQH), at a public offering price of 20.25 dollars per share, along with the sale, to EQH, of 30,000,000 shares at the per share price paid by the underwriters in the public offering.
The net proceeds corresponding to the sale of 90,000,000 EQH shares from the offering and share repurchases amounted to 1.8 billion dollars (or 1.6 billion euros).
Following this sale, AXA's stake in EQH's capital decreases from 72.2% of EQH ordinary shares in issue, to 59.3%. AXA has also granted to the underwriters an option for the acquisition of 9,000,000 additional EQH shares within 30 days.
Copyright (c) 2018 CercleFinance.com. All rights reserved.