NEW YORK--(BUSINESS WIRE)--AXA Equitable Holdings, Inc. (the “Company”) announced today the pricing
of its initial public offering (“IPO”) of 137,250,000 shares of its
common stock at a public offering price of $20 per share. The offering
will consist of shares of the Company’s common stock to be sold by AXA
S.A., as selling stockholder. The Company will not receive any proceeds
from the sale of shares by AXA. The shares are expected to begin trading
on the New York Stock Exchange on May 10, 2018 under the ticker symbol
“EQH”. The offering is expected to close on May 14, 2018.
In connection with the offering, the selling stockholder has granted the
underwriters a 30-day option to purchase up to an additional 20,587,500
shares of common stock.
Morgan Stanley, J.P. Morgan, Barclays and Citigroup are acting as joint
lead book-running managers and underwriters for the offering. BofA
Merrill Lynch, Credit Suisse, Deutsche Bank Securities, Goldman Sachs &
Co. LLC, BNP Paribas, Societe Generale, ING, Credit Agricole CIB, HSBC,
Natixis and RBC Capital Markets acted as joint book-running managers and
underwriters for the offering.
A registration statement relating to the proposed IPO has been filed
with, and declared effective by, the U.S. Securities and Exchange
Commission. Copies of the prospectus relating to the offering may be
obtained from: Morgan Stanley & Co. LLC, Attention: Prospectus
Department, 180 Varick Street, 2nd Floor, New York, New York
10014; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions,
Attention: Prospectus Department, 1155 Long Island Avenue, Edgewood, New
York 11717 or telephone: 866-803-9204; Barclays, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717,
email: Barclaysprospectus@broadridge.com
or telephone: 888-603-5847; and Citigroup, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or
telephone: 800-831-9146.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy securities, and shall not constitute an
offer, solicitation or sale in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of that jurisdiction.
ABOUT AXA EQUITABLE HOLDINGS
AXA Equitable Holdings, Inc. (NYSE: EQH) is one of the leading financial
services companies in the U.S. and is comprised of two complementary and
well-established principal franchises, AXA Equitable Life Insurance
Company and AllianceBernstein. We have been helping clients prepare for
their financial future since 1859 and have a combined total of more than
12,200 employees and financial professionals, 5.4 million customer
relationships and $670 billion of assets under management (as of
12/31/17).
Contacts
AXA Equitable Holdings, Inc.
Investor Relations:
Kevin
Molloy, +1-212-314-2476
Media Relations:
Gina Tyler,
+1-212-314-2010