Davis Polk advised Morgan Stanley & Co. LLC, Goldman, Sachs & Co., Citigroup Global Markets Inc., and Merrill Lynch, Pierce, Fenner & Smith Incorporated as representatives of the several underwriters in connection with the SEC-registered secondary offering of 37,950,000 shares of common stock of ING U.S., Inc., which included 4,950,000 shares sold pursuant to the underwriters’ fully exercised option to purchase additional shares. Total gross proceeds to ING Groep N.V., ING U.S.’s parent company and the selling stockholder in the offering, were $1.12 billion. ING U.S.’s common stock is traded on the New York Stock Exchange under the symbol “VOYA.” 

ING U.S., Inc. is a premier retirement, investment and insurance company serving approximately 13 million individual and institutional customers in the United States and had approximately $481.7 billion in total assets under management and administration as of June 30, 2013. 

The Davis Polk capital markets team included partner Joseph A. Hall, counsel Jean Weng, associate Peter E. Devlin and law clerks Faizan A. Tukdi and John B. Weinstein. The tax team included partner Rachel D. Kleinberg and law clerk Isaac MacDonald. Counsel Marcie A. Goldstein provided FINRA advice. Karla A. Rivera Fortis and Sorina Delia Lazar were the legal assistants for the transaction. Members of the Davis Polk team are based in the New York and Menlo Park offices.