GE Capital to partially exit Swiss consumer finance firm in $900m IPO
GE Money Bank, a Swiss consumer lender, is set to raise Sfr800m ($884m) through an IPO launched on Thursday that will allow GE Capital to partially exit its stake in line with its investment strategy.
The deal is expected to raise around Sfr800m, through the sale of about 45% of the company. At that size, it will be one of the largest financial services IPOs since the financial crisis and is the biggest Swiss IPO this year.
Investors are likely to value the firm
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