AXA Equitable Holdings, Inc. Announces Launch of Initial Public Offering

NEW YORK--()--AXA Equitable Holdings, Inc. (the “Company”) announced today the launch of its initial public offering and commencement of the roadshow for the IPO. The Company’s sole stockholder, AXA S.A. (“AXA”), is offering 137,250,000 shares1 of common stock, and AXA has granted the underwriters a 30-day option to purchase up to an additional 20,587,500 shares of common stock. AXA is selling all of the shares of common stock, and the Company will not receive any proceeds from the IPO. The IPO price is currently expected to be between $24.00 and $27.00 per share. The shares are expected to trade on the New York Stock Exchange under the ticker symbol “EQH”.

The shares are being offered by a group of underwriters led by Morgan Stanley & Co. LLC, J.P. Morgan, Barclays and Citigroup. Copies of the preliminary prospectus relating to the initial public offering may be obtained from: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, Attention: Prospectus Department, 1155 Long Island Avenue, Edgewood, New York 11717 or telephone: 866-803-9204; Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, email: Barclaysprospectus@broadridge.com or telephone: 888-603-5847; and Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or telephone: 800-831-9146.

A registration statement relating to the proposed IPO has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

ABOUT AXA EQUITABLE HOLDINGS

AXA Equitable Holdings is one of America’s leading financial services companies and has helped clients prepare for their financial futures since 1859. The Company’s approximately 12,200 employees and advisors are entrusted with more than $670 billion of assets under management through two complementary and well-established principal franchises, AXA Equitable Life and AllianceBernstein, providing:

  • Advice and solutions for helping Americans set and meet their retirement goals and protect and transfer their wealth across generations; and
  • A wide range of investment management insights, expertise and innovations to drive better investment decisions and outcomes for clients and institutional investors worldwide.

The Company aims to be a trusted partner to its clients by providing advice, products and services that help them navigate complex financial decisions and face the future with confidence.

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1 Out of 561,000,000 total shares of common stock.

Contacts

AXA Equitable Holdings, Inc.
Investor Relations:
Kevin Molloy: +1.212.314.2476
Media Relations:
Gina Tyler: +1.212.314.2010

Release Summary

AXA Equitable Holdings, Inc. announces launch of initial public offering

Contacts

AXA Equitable Holdings, Inc.
Investor Relations:
Kevin Molloy: +1.212.314.2476
Media Relations:
Gina Tyler: +1.212.314.2010