The Traderszone Network

Published in TZ Latest News 18 July, 2014 by The TZ Newswire Staff

GE’s $3 billion credit card IPO pegged to U.S. consumer recovery

GE began its investor road show on Friday for the IPO of the unit, to be called Synchrony Financial, as it revealed new details about the business. Set for the end of the month, the IPO of 15 percent of Synchrony is expected to raise around $3.1 billion, surpassing Ally Financial Inc as the biggest U.S. financial services stock flotation this year.

read more