The U.S. Treasury said it priced an offering of 2.4 billion shares in Citigroup Inc at $4.35 each, marking an exit from ownership in the bailed out banking giant with a $12 billion gross profit.

The Treasury said it would take in $10.5 billion from the public offering of its remaining Citigroup common shares, announced earlier on Monday.

(Reporting by David Lawder)

Citigroup