Voya’s latest IPO highlights risks for the financial derivatives industry

By Andrew Ryan The Irish Financial Times November 23, 2016 5:47AMThe shares of the online financial services firm Voya are up more than 10 per cent today after the company announced its latest annual report.

In 2016, Voya paid a total of €1.3bn in cash and equity in its public offering.

The company also sold its stake in the UK-based financial services giant AXA to the private equity firm Blackstone for a total price of €9.7bn, with the company retaining a controlling stake.

Vasa had its share price soar to almost €80 at the start of 2016, but has since fallen to about €60, which has helped drive the stock price down.

Vesa is one of the largest online financial companies in the world, with more than 3,000 financial products in over 150 countries.