The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:ING U.S. Starts a Second Public Offering VOYAge Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, September 16, 2013

ING U.S. Starts a Second Public Offering VOYAge

Reported by Nicole Spector

It took ING U.S (ticker: VOYA) [profile] launch its hotly-anticipated IPO, which finally hit the marketplace in May. The company is indicating more offering hubbub is on the way, filing a registration statement on Form S-1 with the SEC in advance of a potential second public offering of its common stock held by parent company ING Group.

Prior to unveiling its IPO, ING U.S hoped to premiere shares at a price of around $22.50, but fell short of its proposal, opening with a price per share of around $19.50. The stock's value has since escalated; presently ING U.S touts a price per share of $30.05. See the press release below.

Company Press Release

ING U.S. Files Registration Statement with Securities and Exchange Commission for Public Offering of Common Stock

NEW YORK, Sept. 13, 2013 -- ING U.S., Inc. (VOYA) announced today that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) in connection with a potential public offering of ING U.S. common stock currently held by ING Group. ING U.S. will not be issuing or selling common stock in the offering and will not receive any proceeds from the offering.

In connection with this potential offering, the underwriters have agreed to waive the previous lock up agreement by ING Group to not offer or sell its shares of ING U.S. for a 180-day period following ING U.S.'s initial public offering on May 1, 2013. The potential offering will be conducted at a later date and is subject to market conditions and other factors.

The prospectus relating to the offering may be obtained by visiting the SEC's website at www.sec.gov or from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, email: prospectus@morganstanley.com, telephone: (866) 718-1649; Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, NY 10282, telephone: (866) 471-2526, facsimile: (212) 902-9316, email: prospectus-ny@ny.email.gs.com; and Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone:  (800) 831-9146, email: batprospectusdept@citi.com.

The registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use