ING U.S. IPO could raise up to $1.5 billion

Dutch financial services group ING Groep NV's unit ING U.S. plans to price shares in its IPO at between $21 and $24 each.

By Paula Aven Gladych | Updated on April 17, 2013

ING U.S. Inc. has filed an amended registration statement for its IPO with the Securities and Exchange Commission, saying it plans to price its shares between $21 and $24 each, valuing the company at more than $6 billion.

The proposed IPO will consist of both a primary component offered by ING U.S. and a secondary component offered by Netherlands-based ING Group for a maximum of 64,166,667 shares of common stock.

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