France's Societe Generale is planning an initial public offering for its broker-dealer unit SG Cowen, the New York-based firm that provides an array of investment services, including underwriting, equity research and merger advice.

Societe Generale expects to file a registration statement with the Securities and Exchange Commission in the first quarter and hopes to complete the IPO later in 2006.

SG Cowen was formed in 1998 when the financial-services firm Societe Generale acquired Cowen & Co. The division has made a name for itself in recent years by offering investment-banking services in sectors such as health care, technology and telecommunications.

The Wall Street Journal reported that the IPO would probably be valued at $300 million to $500 million.

More from Stocks

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

3 Great Stock Market Sectors Millennials Should Invest In

3 Great Stock Market Sectors Millennials Should Invest In

Why Millennials Are Ditching Stocks for ETFs

Why Millennials Are Ditching Stocks for ETFs

Trump's 'Space Force' Could Launch a $1 Trillion Industry, Morgan Stanley Says

Trump's 'Space Force' Could Launch a $1 Trillion Industry, Morgan Stanley Says

Abiomed Stock Should Rise Some 12% From Here, Piper Jaffray Analyst Says

Abiomed Stock Should Rise Some 12% From Here, Piper Jaffray Analyst Says