Advertisement
UK markets closed

  • FTSE 100

    7,895.85
    +18.80 (+0.24%)
     

  • FTSE 250

    19,391.30
    -59.37 (-0.31%)
     

  • AIM

    745.67
    +0.38 (+0.05%)
     

  • GBP/EUR

    1.1607
    -0.0076 (-0.65%)
     

  • GBP/USD

    1.2370
    -0.0068 (-0.55%)
     

  • Bitcoin GBP

    51,794.29
    +1,483.66 (+2.95%)
     

  • CMC Crypto 200

    1,371.97
    +59.34 (+4.52%)
     

  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     

  • DOW

    37,986.40
    +211.02 (+0.56%)
     

  • CRUDE OIL

    83.24
    +0.51 (+0.62%)
     

  • GOLD FUTURES

    2,406.70
    +8.70 (+0.36%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

  • HANG SENG

    16,224.14
    -161.73 (-0.99%)
     

  • DAX

    17,737.36
    -100.04 (-0.56%)
     

  • CAC 40

    8,022.41
    -0.85 (-0.01%)
     
Property:

11 beautiful homes with glorious garden rooms

Investing in a home with a garden room will enable you to enjoy your outside space whatever the weather

RBS's Citizens Financial makes a tepid market debut

Reuters - UK Focus

Sept 24 (Reuters) - Shares (Berlin: DI6.BE - news) of Citizens Financial Group Inc , the U.S. unit of Royal Bank of Scotland Group Plc , rose less than 1 percent in their debut, valuing the company at about $12 billion in the biggest U.S. offering by a bank since the financial crisis.

The offering, which raised $3.01 billion for RBS (LSE: RBS.L - news) , is the second biggest in the United States this year after Alibaba Group Holding Ltd's $25 billion IPO last week.

Citizens Financial (Other OTC: CIWV - news) 's IPO was priced at $21.50, below the expected range of $23-$25.

RBS owned 100 percent of Citizens Financial before the offering.

Citizens Financial's shares were at $21.64 shortly after start of trading. (Reporting by Tanya Agrawal; Editing by Joyjeet Das)