ING has announced that the share price on its IPO will be between $21.00 to $24.00 per share for a maximum of 64,166,667 shares of common stock offered. The offering will consist of a primary component offered by ING U.S. and a secondary component offered by Netherlands-based ING Group.

In total, the offering is expected to be between $1.4 billion to $1.5 billion, which includes $600 million in primary proceeds for ING U.S. This will reduce ING Group’s ownership in ING U.S. to 75% immediately following the IPO.

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