Compelo Insurance is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More

Prudential Commences $1.25b Common Stock Offering

Prudential Financial, Inc. (Prudential) has announced a public offering of $1.25 billion of its Common Stock. The underwriters are provided with a 30-day option to buy up to an additional 15% of the offered amount of Common Stock from Prudential.

The company plans to use the net proceeds derived from the offering for general corporate purposes including the repayment of short-term borrowings or other debt, for strategic initiatives and contributions of capital to its insurance and other subsidiaries.

Goldman, Sachs & Co. and Citi will act as joint bookrunning managers for this offering.

Prudential provides life insurance, retirement-related services, annuities, investment management, mutual funds and real estate services. The company has operations in the US, Europe, Latin America and Asia.