Deals
GreenSky Opens Below IPO Price After Raising $874 Million
- Online lending platform increased listing by 4 million shares
- Pimco, TPG keep GreenSky stakes with 12% combined voting power
This article is for subscribers only.
GreenSky Inc. shares began trading below the $23-a-share initial public offering price after the financial technology company raised $874 million in an expand share sale.
Shares of the company opened at $22.15 Wednesday. They rose to $23.03 at 12:02 p.m. in New York trading, giving the company a market value of $4.39 billion.