Citizens Financial Group announces pricing of IPO

24 Sep 2014

Citizens Financial Group, Inc. (Citizens) announced the pricing of the initial public offering of 140,000,000 shares, or 25 per cent, of its common stock at a price to the public of USD 21.50 per share. Citizens’ common stock is expected to begin trading on the New York Stock Exchange on September 24, 2014, under the ticker symbol “CFG.” The offering is expected to close on September 29, 2014.

The underwriters have a 30-day option to purchase up to an additional 21,000,000 shares at the initial public offering price, less the underwriting discount to cover over-allotments, if any.

The offering is being made through joint global coordinators Morgan Stanley and Goldman, Sachs & Co. and joint book-running manager J.P. Morgan. Additionally, Barclays, Citigroup, Deutsche Bank Securities, RBS and Wells Fargo Securities are also acting as joint book-running managers.

Source: Dion Global Type: IPO Related

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