Athene Holding Ltd.'s selling shareholders raised $1.1 billion in an IPO, valuing the company at about $8 billion, The Wall Street Journal reported, citing "people familiar with the matter."
A total of 27 million Athene shares were sold at $40 per share, according to the report. The IPO is estimated to raise $950 million for the sale of 23.75 million shares at a price range of $38.00 per share to $42.00 per share, the news outlet added.
Athene's shares are expected to begin trading Dec. 9 on the NYSE under the symbol ATH, the Journal said. Athene will not receive any proceeds from the IPO.