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Prudential sets IPO terms
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November 14, 2001: 8:00 p.m. ET
Insurance firm plans to raise $3B, ups number of shares offered to 100M.
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NEW YORK (CNN/Money) - Prudential Financial Inc. expects to raise $3.025 billion with its initial public offering next month, as the company boosted the number the total number of shares on offer.
According to documents filed with the Securities and Exchange Commission, Prudential raised its total offered shares to 110 million, from 89 million, and will price them between $25 and $30 per share.
The company plans to trade the week of Dec. 10 under the symbol "PRU."
In April, Prudential Financial filed to raise as much as $3.9 billion by selling 89 million shares via lead underwriters Goldman Sachs and Prudential Securities Inc.
Prudential Financial, the holding company, is the name for the demutualized firm of Prudential Insurance Co. of America. 
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