May 12 Citizens Financial Group Inc, the U.S.
unit of the Royal Bank of Scotland, filed with U.S.
regulators for an initial public offering of common stock that
would raise about $100 million.
Morgan Stanley, Goldman, Sachs & Co and JP Morgan are the
lead underwriters for the IPO, the company said in a filing with
the U.S. Securities and Exchange Commission on Monday. (link.reuters.com/nag39v)
The amount of money a company says it plans to raise in its
first IPO filings is used to calculate registration fees. The
final size of the IPO could be different.
(Reporting by Anil D'Silva in Bangalore; Editing by Don