March 13, 2014 / 11:16 AM / 4 years ago

GE's North American retail finance business files for IPO

March 13 (Reuters) - General Electric Co’s North American retail finance business filed with U.S. regulators to raise up to $100 million in an initial public offering of common stock.

The business will operate under a new name, Synchrony Financial, GE said in a statement.

Goldman Sachs & Co, JP Morgan, Citigroup and Morgan Stanley are lead underwriters for the IPO, Synchrony’s filing showed. ()

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.

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