AXA US IPO secures funds for XL acquisition


The initial public offering (IPO) of AXA’s US unit was priced below the indicative price range but the proceeds, combined with a bond issue will still substantially secure the funding for AXA's planned acquisition of XL Group, according to Moody’s.

Moody's, AXA, XL Group, Acquisition, IPO, US, Bonds, Funding, M&A, North America, Europe

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