Citigroup Likely To File For IPO For OneMain Financial Soon — forbes.com

Citigroup is expected to take its first step towards divesting OneMain Financial by filing for an initial public offering later this month. The consumer lending unit, formerly known as CitiFinancial, is a part of the banking group’s Citi Holdings division and will most likely be spun off within the next six months. Citigroup is pursuing a dual-track process to ensure that the disposal is completed within the targeted timeframe, with plans for the IPO moving ahead along with talks with potential suitors for an outright sale.

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