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