The spinoff of OneMain comes five years after Citigroup first indicated its intentions to dispose the business.
OneMain offers personal loans and has assets of around $10bn.
The company did not specify the number of shares to be sold and the pricing.
The filing, however, provides a peek into OneMain, whose results Citigroup has not publicly revealed before, reports The Wall Street Journal.
During the financial crisis, Citigroup’s unit was badly hit, but the filing with SEC showed that lender was in profits since 2012, reporting net income of $407m in 2012 and $536m in 2013. The group earned $7.54bn and $13.67bn in 2012 and 2013, respectively, reports the publication.
Citigroup would continue to hold a stake in OneMain after the IPO, claimed the lender.
