Athene Eyes Further Expansion, Preps For IPO
June 7, 2016 by Cyril Tuohy
Athene Holding, a top seller of fixed indexed annuities, has spent seven years cobbling together life insurance companies in the U.S. and abroad. Now company officials say the time is right for Athene to do some serious expansion in the retirement services marketplace
The company filed for an initial public offering last month. The nation’s aging population, higher projected demand for tax efficient savings products and rising interest rates remain key to Athene’s future growth, Athene officials said.
A date and a price for the IPO have not been announced, but the size of the offering is estimated to be for as much as $1 billion, according to Renaissance Capital’s IPO Center.
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