AXA Equitable prices IPO at $20, below the range

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AXA Equitable Holdings, the US operations of life insurance and asset management firm AXA, raised $2.7 billion by offering 137.3 million shares at $20, below the range of $24 to $27. AXA Equitable Holdings plans to list on the NYSE under the symbol EQH. Morgan Stanley, J.P. Morgan, Barclays, Citi, BofA Merrill Lynch, Credit Suisse, Deutsche Bank, Goldman Sachs, BNP Paribas, Societe Generale, ING, Credit Agricole CIB, HSBC Corporation, Natixis and RBC Capital Markets acted as lead managers on the deal.

The article AXA Equitable prices IPO at $20, below the range originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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