July 18, 2014 / 2:01 PM / in 4 years

GE credit card unit says to raise up to $3.25 bln in IPO

July 18 (Reuters) - General Electric Co’s credit card unit, Synchrony Financial IPO-SYF.N, said it expects to raise about $3.25 billion in an initial public offering of its shares.

The company said it expects to price the offering of 125 million shares at between $23 and $26 per share, the company said in a filing with the U.S. Securities and Exchange Commission on Friday. (bit.ly/1nEs3gn) (Reporting by Tanya Agrawal; Editing by Saumyadeb Chakrabarty)

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