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Rating:GE Financial Rebrands, IPOs Not Rated 5.0 Email Routing List Email & Route  Print Print
Tuesday, June 01, 2004

GE Financial Rebrands, IPOs

by: Theresa Sim

The former GE Financial filed a prospectus last Monday for its planned initial public offering with the SEC. The IPO and name change, to Genworth Financial, was initially announced last November.

Although the company primarily provides life and mortgage insurance, it also provides fixed, variable and income annuities, asset management and mutual funds.

The parent of the company, GE Corporation, plans to retain 70 percent of the new company.

Morgan Stanley & Co. and Goldman, Sachs & Co. are assisting with the offering. company.

Genworth managed $100 billion in assets at the end of March. 

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