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.
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