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

NEW YORK--()--AXA Equitable Holdings, Inc. (the “Company”) announced today the pricing of its initial public offering (“IPO”) of 137,250,000 shares of its common stock at a public offering price of $20 per share. The offering will consist of shares of the Company’s common stock to be sold by AXA S.A., as selling stockholder. The Company will not receive any proceeds from the sale of shares by AXA. The shares are expected to begin trading on the New York Stock Exchange on May 10, 2018 under the ticker symbol “EQH”. The offering is expected to close on May 14, 2018.

In connection with the offering, the selling stockholder has granted the underwriters a 30-day option to purchase up to an additional 20,587,500 shares of common stock.

Morgan Stanley, J.P. Morgan, Barclays and Citigroup are acting as joint lead book-running managers and underwriters for the offering. BofA Merrill Lynch, Credit Suisse, Deutsche Bank Securities, Goldman Sachs & Co. LLC, BNP Paribas, Societe Generale, ING, Credit Agricole CIB, HSBC, Natixis and RBC Capital Markets acted as joint book-running managers and underwriters for the offering.

A registration statement relating to the proposed IPO has been filed with, and declared effective by, the U.S. Securities and Exchange Commission. Copies of the prospectus relating to the 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.

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, Inc. (NYSE: EQH) is one of the leading financial services companies in the U.S. and is comprised of two complementary and well-established principal franchises, AXA Equitable Life Insurance Company and AllianceBernstein. We have been helping clients prepare for their financial future since 1859 and have a combined total of more than 12,200 employees and financial professionals, 5.4 million customer relationships and $670 billion of assets under management (as of 12/31/17).

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 pricing 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