NEW YORK: Dutch financial services group ING Groep NV's unit ING U.S. plans to price shares in its IPO at between US$21 and $24 each, valuing the company at up to $6.16 billion in what could be the second-largest public offering this year.
"The price is somewhat consistent with what the management has said before. Given the current environment, this might be a price that may be achievable," Morningstar analyst Vincent Lui said.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!