Moneta Money Bank (GE Money Bank) Prague Stock Exchange IPO

Overview:

• Czech lender Moneta Money Bank raised a $749 million through its IPO on the Prague Stock Exchange in what was the largest IPO in the country since 2008.
• The IPO was initiated by the banks's former majority shareholder General Electric Capital Holdings, which sold its 51% stake in Moneta when the company went public.
• The bank had been operating as GE Money Bank but was rebranded following GE's exit from the business. 
• The sale was part of a series of divestments in the financial services sector by GE.
• JPMorgan, Citigroup, and Goldman Sachs acted as bookrunners.
• Wood & Company acted as joint lead manager and listing agent.

Kurt Stumpo - Journalist