(Bloomberg) -- ING Groep NV, the largest Dutch financial-services company, raised about $974 million selling a second tranche of stock in its U.S. insurance business following an initial public offering.

ING sold 33 million shares in New York-based ING U.S. Inc. for $29.50 apiece, lowering its stake to about 59 percent, according to a statement yesterday. The offering was more than 50 percent above the IPO price in May.

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