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Santander Plans IPO

May 09, 2013

DALLAS — Santander Consumer USA and three other equity firms are planning to list Santander in the coming months, a move that could value the company at between $7 and $9 billion, reports the Financial Times.

The plan comes at a time that many private equity firms are looking to take advantage of favorable market conditions to sell shares. Currently, Santander owns 65 percent of the company, and founder Tom Dundon owns about 11 percent. The remaining shares were purchased by Centerbridge Partners, KKR and Warburg Pincus for a total of $1 billion. To read the full story, click here.

 

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