ING Groep NV Announces IPO Registration Statement of ING U.S., Inc.

Tuesday, 19 Mar 2013 04:57pm EDT 

ING Groep NV announced that ING U.S., Inc., its United States-based retirement, investment and insurance business, has filed an update of its registration statement with the United States Securities and Exchange Commission (SEC) in connection with its proposed Initial Public Offering (IPO). ING has previously announced it is divesting its insurance and investment management businesses as part of a restructuring program agreed with the European Commission. While all options for divestment remain open, the base case for the divestment of ING U.S. is through an IPO. In this context, ING U.S. filed an initial registration statement with the SEC in November 2012 and an amendment to that registration statement in January 2013. 

Company Quote

-0.505 -4.39%
11:38am EDT