Seeking Alpha

Seaspan -7.8% premarket on 3.5M-share offering

  • Seaspan (SSW) -7.8% premarket after pricing its planned public offering of 3.5M common shares at $22/share.
  • SSW intends to use the net proceeds from the offering for general corporate purposes, which may include funding vessel acquisitions.
Comments (2)
  • Exquisite Decay
    , contributor
    Comments (153) | Send Message
     
    Second bullet above should read
    "SSW intends to cancel this offering after the market price of the common shares drop by over 15% within days."
    20 Nov 2013, 09:30 AM Reply Like
  • aretailguy
    , contributor
    Comments (1017) | Send Message
     
    Yep, why would anyone buy @ $22 when they can buy on open market at $21.24? As a long-time investor, this companies mgt is really starting to irritate me.
    20 Nov 2013, 10:38 AM Reply Like
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