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. Last Updated: 07/27/2016

MetLife Offering




NEW YORK -- MetLife Inc., the second-largest life insurer in the United States, raised $2.88 billion after pricing its initial public offering as the company converts to a public company from one owned by policy holders.


MetLife sold 202 million shares at $14.25 apiece Tuesday. The shares had been expected to price between $13 and $15 each.


MetLife stock will be traded on the New York Stock Exchange under the symbol MET.


The IPO was scaled back considerably from the company's original plans. In November, MetLife estimated it would raise as much as $6 billion by selling 255 million shares for $14 to $24 each.