Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:The Price of the Next Industry IPO? $600MM and Counting Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, April 11, 2013

The Price of the Next Industry IPO? $600MM and Counting

Reported by Neil Anderson, Managing Editor

A month after Artisan's IPO shares sold like hot cakes, ING U.S. Investment Management's [profile] Dutch parent puts its U.S. business IPO-spinoff expectations in writing.

On Friday in its third amended S-1, ING U.S. estimated that its upcoming IPO will raise $600 million for its Dutch multinational parent [see filing], a six-fold increase over the $100-million offering size reported in November when ING U.S. filed its initial S-1.

The Dutch government infused ING with capital during the financial crisis, and since then the insurance and banking giant has been divesting from the pieces of its global empire. The planned IPO of ING U.S. (which includes a giant retirement plan business and an insurance arm, as well as investment management) slated for sometime this year is part of that strategy.

The $600-million IPO target comes to light even as ING U.S. begins a rebranding process, which will take 24 months and will transform the company into Voya Financial.

To dig into the deteails of ING U.S.'s investment management business and its other units, read the full S-1/A filing here

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use