Citizens Financial IPO Priced Below Market Range

Citizens Financial IPO Priced Below Market Range

Assessment

Interactive Video

Business

University

Hard

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The video discusses the initial pricing and market reaction to a stock offering, noting that the price was set below the marketed range due to financial performance issues. RBS owns 75% of the company and plans to spin off assets by December 2016, with potential losses of $300 million. The UK government still owns a significant stake, impacting financial decisions. RBS is working to improve its capital buffer by selling unwanted assets, with future sales planned in small chunks after a six-month period.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the initial pricing range for the stock mentioned in the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What did Bruce Van Saun indicate about the financial performance of the company?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What percentage of the company does RBS currently own?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What loss is expected when 50% of the state is sold?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the anticipated capital increase percentage that analysts are suggesting?

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