Citigroup subprime unit files for $50M IPO

Published October 8, 2014 5:12pm ET



NEW YORK (AP) — Citigroup’s subprime lending unit, OneMain Financial Holdings, on Wednesday filed for an IPO valued at $50 million.

OneMain did not say how many shares it plans to sell in the initial public offering nor did it say when the IPO will take place. The amount of money being raised can also change before the IPO takes place.

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