T-Mobile USA prices stock offering at $25, shares drop

T-Mobile's (TMUS -1.4%) offering price is 2% below yesterday's close, and 7% below where shares traded when the offering was announced on Monday. (PR)

With T-Mobile selling 66.15M shares, gross proceeds are set to total $1.65B, and the carrier's share count is set to grow by 9%. Underwriters have a 6.615M-share overallotment option.

T-Mobile has suggested it might use the proceeds to buy spectrum from a private party.

From other sites
Comments (2)
  • SoIncrediblyBored
    , contributor
    Comments (39) | Send Message
    Really like their pricing plans as a potential customer. Tempted by their growth in market share to invest. Seems like a good buy-low opportunity coming soon?
    15 Nov 2013, 11:46 AM Reply Like
  • David Pinsen
    , contributor
    Comments (2283) | Send Message
    For TMUS longs looking to add downside protection, here's one way to do so - http://seekingalpha.co...
    15 Nov 2013, 04:15 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs