GE Financials initial public offering for Genworth Financial may bring in up to $3.8 billion, according to a company filing. The company estimates the price for the 145 million shares of Class A common stock will range between $21 and $23.
Retirement income plays a key role in the companys expected future growth. "Our products are designed to enable the growing retired population to convert their invested assets into reliable retirement income," the filing reads. Also, it cited innovative products, such as the Retirement Answer, a variable annuity that focuses on retirement income.