AXA S.A. announces the successful completion of a Secondary Offering of AXA Equitable Holdings, Inc.’s Common Stock
• Net proceeds of USD 834 million
• AXA’s ownership of EQH’s common stock decreased from 48.3%* to 40.1%*
AXA S.A. (“AXA”) announces today that it has successfully completed a secondary public offering of 40,000,000 shares of common stock (the “Offering”) of AXA Equitable Holdings, Inc. (“EQH”).
Net proceeds* to AXA, corresponding to the sale of 40,000,000 EQH shares, amounted to USD 834 million or Euro 739 million*. Following this sale, AXA’s ownership in EQH has decreased from 48.3%* to 40.1%*. In addition, AXA has granted the underwriters a 30-day option to purchase up to an additional 6,000,000 EQH shares.