Citigroup is looking to sell 12 million shares of Primerica’s common stock. Citigroup will also offer the underwriters an option to purchase an additional 1.8 million shares to cover any over-allotments.
The bank is expected to receive all the proceeds from the offering of the financial services firm. Citigroup Global Markets has been appointed as the sole book-running manager for the offering.
Click here for the release from Business Wire.