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Synchrony Financial prices IPO at $23, low end of the range

July 30, 2014
SYF

Synchrony Financial, a spinoff of GE's private label credit card and consumer finance business, raised $2.9 billion by offering 125 million shares at $23, the low end of the range of $23-$26. Synchrony Financial plans to list on the NYSE under the symbol SYF. Goldman Sachs and J.P. Morgan were the lead underwriters.