Athene Announce Initial Public Offering Launch
Bermuda-based Athene Holding Ltd. announced the launch of an initial public offering [IPO] of its Class A common shares.
All of the 23,750,000 Class A common shares to be sold in the IPO are being sold by certain shareholders of Athene, and Athene will not receive any proceeds from the IPO. The IPO price per share is currently expected to be between $38.00 and $42.00.
The underwriters may also exercise a 30-day option to purchase up to an additional 3,562,500 Class A common shares from certain of the Athene selling shareholders at the IPO price, less the underwriting discount.
Athene has applied to list its Class A common shares on the New York Stock Exchange under the symbol “ATH.”
