Santander Consumer USA Holdings Inc. , parent company of Santander Consumer USA Inc., announced the pricing of its initial public offering of 74,991,470 shares of common stock at a price of $24 per share. According to a release, the company's common stock began trading on the New York Stock Exchange under the ticker symbol "SC." All of the shares of common stock to be sold in the offering are being offered by the selling stockholders. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 11,248,720 shares of common stock at the initial public offering price less the underwriting discount. The Company will not receive any proceeds from the sale of shares by the selling stockholders. The company noted that the offering is being made through global coordinators and joint book-running managers Citigroup and J.P. Morgan . Additional joint book-running managers include BofA Merrill Lynch, Deutsche Bank Securities , Santander Investment Securities , Barclays, Goldman, Sachs & Co. , Morgan Stanley , RBC Capital Markets , BMO Capital Markets , Credit Suisse , UBS Investment Bank and Wells Fargo Securities . KKR, Sandler O'Neill + Partners, L.P. , Stephens Inc. and LOYAL3 Securities are also acting as managing underwriters of the offering. Santander Consumer USA Holdings Inc. is a full-service, technology-driven consumer finance company focused on vehicle finance and unsecured consumer lending products. More Information: santanderconsumerusa.com ((Comments on this story may be sent to email@example.com ))
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