Debevoise Partner Alibaba Ipo New York

Debevoise partner alibaba ipo new york

Debevoise partner alibaba ipo new york

Law360 (May 10, 2018, 3:55 PM EDT) -- Axa Equitable Holdings Inc., the U.S. division of French insurance and asset management firm Axa SA, debuted on public markets Thursday, raising $2.75 billion in the U.S.’ largest initial public offering this year, with guidance from Debevoise & Plimpton LLP.

New York-based Axa Equitable offered 137.25 million shares at $20 per share, below the company’s forecast of $24 to $27 per share.

The $2.75 billion fundraise amounts to nearly $1 billion less than what the IPO would have netted had Axa Equitable shares priced at the top of its projected range at $27.

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Debevoise partner alibaba ipo new york

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