Chairman and CEO Thomas G. Dundon of Santander Consumer USA Holdings rings the opening bell at the New York Stock Exchange on January 23, 2014 in New York City.
Thursday, January 23, 2014
Santander Consumer USA Holdings Inc. (SC) began trading on the NYSE on 23 January 2014
Santander Consumer USA Holdings Inc. (SC), the U.S. auto-lending unit of the Spanish bank, announced it has raised $1.8 billion in an initial public offering. The IPO priced more than 74 million shares of common stock at $24 a share. The company's stock is expected to start trading on Thursday on the New York Stock Exchange under the ticker "SC". The firm is using Citigroup Inc. and J.P. Morgan Chase & Co. as the main underwriters.
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