Axa Equitable Holdings Inc. aims to raise as much as $3.7 billion in its IPO, which is expected to price after the market closes on Wednesday. (Photo: ALM Media)
(Bloomberg) – U.S. initial public offerings have the seismic changes in the insurance industry to thank for 2018's biggest share sale.
Axa Equitable Holdings Inc. aims to raise as much as $3.7 billion in its IPO, which is expected to price after the market closes on Wednesday. The business is made up of the U.S. operations of Europe's second-largest insurer, Axa SA, including its U.S. Life & Savings unit and a 64% stake in money manager AllianceBernstein Holding LP.
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