Athene Holding Ltd. announced the pricing of the IPO of 27 million of its class A common shares at $40 per share.

All the shares are being offered by certain shareholders, and the company will not receive any proceeds from the IPO.

The underwriters were granted a 30-day option to purchase up to an additional 4,050,000 shares from certain selling shareholders at the IPO price of $40 per share, less the underwriting discount.

The shares are expected to begin trading on the NYSE on Dec. 9 under the symbol ATH. The offering is expected to close Dec. 14.

Athene's selling shareholders raised $1.1 billion in the IPO, valuing the company at about $8 billion, The Wall Street Journal earlier reported, citing "people familiar with the matter."

Goldman Sachs & Co., Barclays, Citigroup and Wells Fargo Securities are acting as joint book runners of the offering and representatives of the underwriters. Additionally, Bank of America Merrill Lynch, BMO Capital Markets, Credit Suisse, Deutsche Bank Securities, J.P. Morgan, Morgan Stanley, RBC Capital Markets, BNP PARIBAS, BTIG, Evercore ISI, SunTrust Robinson Humphrey and UBS Investment Bank are acting as book runners of the offering. Dowling & Partners Securities LLC, Keefe Bruyette & Woods, Lazard, Rothschild, Sandler O'Neill & Partners LP and The Williams Capital Group LP are acting as co-managers of the offering.