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AXA US insurance subsidiary targets $2.75bn from IPO

One of America's oldest life insurers is on the block

AXA US insurance subsidiary targets $2.75bn from IPO

AXA Equitable Holdings, the subsidiary of French insurance giant AXA, is seeking proceeds of $2.75bn in its initial public offering of 137.25 million existing shares, priced at $20 each, AXA said Thursday, MarketWatch reports.

AXA Equitable Holdings had earlier set an initial price range for the IPO of between $24 and $27 a share.

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