AXA Equitable Holdings, the US operations of life insurance and asset management firm AXA, raised $2.7 billion by offering 137.3 million shares at $20, below the range of $24 to $27. AXA Equitable Holdings plans to list on the NYSE under the symbol EQH. Morgan Stanley, J.P. Morgan, Barclays, Citi, BofA Merrill Lynch, Credit Suisse, Deutsche Bank, Goldman Sachs, BNP Paribas, Societe Generale, ING, Credit Agricole CIB, HSBC Corporation, Natixis and RBC Capital Markets acted as lead managers on the deal.
