ING U.S. Unit Climbs Almost 7% After IPO Prices Below Range
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ING U.S. Inc., the New York-based unit of the largest Dutch financial-services company, climbed almost 7 percent in its trading debut after raising $1.27 billion in its initial public offering.
The stock rose $1.34 to $20.84 at the close in New York. ING U.S. sold 65.2 million shares yesterday for $19.50 each, after offering 64.2 million shares for $21 to $24 apiece.