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Santander Consumer USA raises $1.8B in IPO

By The Associated Press
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Auto loan financing company Santander Consumer USA Inc. has raised $1.8 billion through an initial public offering of stock priced at $24 per share, the low end of the narrow range it had forecast.

The spinoff of Spanish bank Banco Santander said its common stock is expected to start trading Thursday on the New York Stock Exchange under the ticker symbol “SC.”

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