Santander Consumer USA Holdings Inc. of Dallas has announced commencement of an initial public offering. Certain stockholders intend to sell 65,217,391 shares of common stock in the offering. The initial price is expected to range between $22 and $24 per share. The company itself is not selling any shares and will not receive any proceeds from the proposed offering.
See the full text of the Santander Consumer USA Holdings Inc. announcement …
This electronic transmission is intended for U.S. residents only. Nothing in this electronic transmission constitutes an offer to sell or a solicitation of an offer to buy the securities described in the preliminary prospectus in any jurisdiction where it is unlawful to do so. Other than with respect to the public offering of these securities in the United States, no action has been taken by us or the underwriters that would permit a public offering of these securities, or possession or distribution of any related offering material, in any country or jurisdiction where action for that purpose is required.
A registration statement relating to these securities has been filed with the 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. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to notice of its acceptance given after the effective date.
LOYAL3 Securities, Inc., a US-registered broker-dealer, is acting as a co-manager in the Santander Consumer USA IPO.
Written by: lkight2014