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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Axa | EU:CS | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.75 | -5.12% | 32.44 | 32.40 | 32.68 | 32.78 | 32.30 | 32.50 | 7,064,669 | 16:40:00 |
From May 2019 to May 2024
By Max Bernhard
French insurance giant AXA SA (CS.FR) said Thursday that shares of its U.S. subsidiary AXA Equitable Holdings Inc. will be priced at $20 each, in its IPO of 137.25 million existing shares, translating to proceeds of $2.75 billion.
AXA had said earlier it expects an IPO price of between $24 and $27 a share for the U.S. unit.
The shares sold by AXA represent about 25% of existing issued and outstanding shares of the subsidiary, AXA said.
Shares are expected to start trading Thursday on the New York Stock Exchange and the offering is expected to close on May 14, AXA said.
Write to Max Bernhard at Max.Bernhard@dowjones.com; @mxbernhard
(END) Dow Jones Newswires
May 10, 2018 01:23 ET (05:23 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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