Amundi, one of Europe's largest money managers, plans to raise up to €1.5 billion ($1.65 billion) for a 20% stake in the company in its initial public offering Thursday, a news release said.
The offering of 33,358,336 shares priced at €45 each represents Societe Generale's stake in the company. Shares will begin trading Thursday on Euronext in Paris. The IPO values the company at €7.5 billion.
Amundi is currently owned by Credit Agricole and Societe Generale.