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Citigroup Financing: Traveler’s IPO
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A 3 page paper discussing Citigroup’s IPO of 21 percent of the stock of Traveler’s Property Casualty less than a year after 9/11, followed by a secondary issue of stock in December 2003. The net cost of IPO was low and Citigroup was able to make a secondary offering after fine-tuning operations and governance at both Traveler’s and Citigroup. The Traveler’s stock gives investors a Citigroup company to invest in at a per-stock price less than half that of Citigroup. Bibliography lists 3 sources.
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Pages:
3
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Filename:CC6_KSfinCitiIPO.rtf |
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Paper Title:
Citigroup Financing: Traveler’s IPO
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