It decided to sell 19.3 percent of Associates in an initial public offering, which was completed last month.

The company announced that 4.58 million of its class A shares were sold at $170 each in a secondary offering.

The firm is also arranging to sell a further 17.3 percent of its stock in an initial public offering.

It sold stock in an initial public offering on Oct. 8 at $12 a share.

The company sold 6.5 million shares, a 7.7 percent stake, for $16 each in an initial public offering.

The remaining 60% was sold in a public offering of shares for $3.10 per share.

Within two years they sold most of it in a public offering that valued the company at $1 billion.

The shares will be sold in an initial public offering for $30, which would give the company a market value of $13.4 billion.

The company sold 6.5 million shares, or 7.7 percent of its outstanding stock, in an initial public offering.

The banks believe that the venture, if successful, can eventually be sold in a public offering.