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Rating:Primerica IPO Yields $320.4 Million Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, April 01, 2010

Primerica IPO Yields $320.4 Million

Reported by Armie Margaret Lee

The IPO of Citigroup's Primerica unit has brought in $320.4 million, Citi officials said Wednesday night. About 21.4 million shares were sold at $15 apiece, topping Citi's original expectation of 18 million shares in the $12 - $14 range. Shares of common stock are expected to start trading today on the New York Stock Exchange under the symbol "PRI."

Duluth, Georgia-based Primerica distributes mutual fund and life insurance products. Fund firms with distribution deals with Primerica include American Funds, Invesco Aim, Franklin Templeton, Legg Mason, Pioneer Investments and Van Kampen Investments. 

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