ING files for US IPO
NETHERLANDS-based ING has taken another step towards its EU-mandated break-up, as its ING US unit has filed plans to raise up to $100m through an initial public offering of its retirement, investment and insurance businesses. ING US is headquartered in New York and employs about 7,200 across the US, including 2,000 at its largest office in Windsor. Connecticut, and 700 in Minneapolis, Minnesota. ING US has about 13m individual and institutional customers.
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