AXA Details Plans of Partial Spin Off via IPO of its U.S. Business
Earlier this month, AXA S.A. (AXA) filed an S-1 form with the Securities and Exchange Commission (SEC), in which AXA detailed its plans for a partial spin-off of its U.S. business (AXA Equitable Holdings, Inc. or “AEH”) via an initial public offering (IPO). The IPO will create a separate publicly-traded company (AEH), which will be majority-owned by AXA – at least immediately after the transaction.