G.E.’s Retail Finance Arm Raises $2.9 Billion in I.P.O. by MICHAEL J. DE LA MERCED

By MICHAEL J. DE LA MERCED

The business, now known as Synchrony Financial, priced its shares at $23 each, at the low end of its expected price range. That values the newly independent company at $19.1 billion.

Published: July 30, 2014 at 4:00AM

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