Key Developments: ING US Inc (VOYA.N)
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$27.38
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$29.02
$19.20
Latest Key Developments (Source: Significant Developments)
ING US Inc Could Value Company At Over $6 Billion-Reuters
Reuters reported that ING Groep NV's unit ING US Inc plans to price shares in its IPO at between $21 and $24 each, valuing the Company at up to $6.16 billion. The IPO could raise as much as $1.54 billion. ING Group's ownership in ING U.S. will reduce to 75% after the IPO. The IPO is scheduled to be priced on May 1, 2013 and shares will begin trading on May 2, 2013. Full Article
ING Groep NV Announces IPO Registration Statement of ING U.S., Inc.
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. Full Article
Morgan Stanley sued in 'pay-to-play' retirement plan case
* Bank accused of steering 401(k) business to win extra fees
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