(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.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access