On Tuesday, I wrote an article highlighting Citigroup's spinoff IPO of Primerica, Inc.
Primerica IPO ~ John Addison ~ Fox News ~ PFSMedia.com
(NYSE:PRI). Investors who got in at the deal price, which came in at $15, are already reaping huge rewards. The shares have surged over 30% in the first couple of hours of trading, to $19.56.
A total of 13.5 million shares have already changed hands.
Primerica (PRI) sells life insurance and financial products to lower-middle class and middle class families through their network of over 100,000 independent representatives.
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