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Sector Update: Financial Financials

Financial shares were generally mixed in pre-market trade Thursday as the European Central Bank cut interest rates.

In financial stocks news, RCS Capital Corporation ( RCAP ) has priced its offering of $384.8 million of its class A common stock. RCAPHoldings, the controlling stockholder of RCAP, will offer $101.3 million of class A common stock.

The offering consists of 19 million shares of RCAP class A common stock to be offered by RCAP and 5 million shares of RCAP class A common stock by RCAP Holdings, at $20.25 per share. The over-allotment option granted by RCAP consists of up to an additional 3.6 million shares.

And, the ING Group, N.V ( ING ) , a financial institution offering banking, investments, life insurance and retirement services, said Thursday that it is proceeding with the Initial Public Offering ( IPO ) and listing on Euronext Amsterdam of NN Group N.V.

NN Group N.V is ING's international insurance and investment management company offering retirement, life insurance, non-life insurance, investment management and banking (in the Netherlands) to its customers across Europe and Japan.

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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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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