Arab Today, arab today rbs cuts sale price for us unit citizenss market debut
Last Updated : GMT 23:48:20
Arab Today, arab today
Arab Today, arab today

RBS cuts sale price for US unit Citizens's market debut

Arab Today, arab today

Arab Today, arab today RBS cuts sale price for US unit Citizens's market debut

A pedestrian walks past a Royal Bank of Scotland
Washington - AFP

Royal Bank of Scotland lowered the price of shares in US unit Citizens Financial Group being launched on Wall Street Wednesday after lackluster demand from investors.
The initial public offering of Citizens, 140 million shares, was priced at $21.50 late Tuesday, raising about $3.0 billion. The British parent company originally sought an IPO price between $23 and $25.
RBS offered 25 percent of Citizen's common stock in the  largest US bank IPO since before the 2008 financial crisis.
At $21.50, the issue valued the Providence, Rhode Island-based bank at $12 billion.
Despite the lukewarm reception from investors, RBS still planned to offer about 21 million additional shares in case of strong demand.
Shares were expected to begin trading later Wednesday on the New York Stock Exchange under the ticker "CFG".
Citizens's IPO is the second-largest in the United States in the year to date after Alibaba's $25.0 billion offering last Thursday, according to Dealogic.
In addition, the deal ranks the third-largest bank IPO from a US issuer on record, behind CIT Group in 2002 at $4.9 billion and Goldman Sachs in 1999 at $3.7 billion, Dealogic said.
Citizens, one of the nation's oldest banks, tracing its roots to 1828, is the 13th largest US bank by assets. It had $130.3 billion in assets as of June 30.
RBS plans to completely sell its US subsidiary by 2016 as part of vast restructuring program.
The Royal Bank of Scotland is 81 percent owned by the British state after it was rescued with £45.5 billion ($74.4 billion) of public money during the global financial crisis in the world's biggest bank bailout.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today rbs cuts sale price for us unit citizenss market debut Arab Today, arab today rbs cuts sale price for us unit citizenss market debut

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Leader Omar Abdel Rahman dies in US prison

GMT 19:00 2017 Sunday ,19 February

Leader Omar Abdel Rahman dies in US prison
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday