Gladstone -5.8% after secondary

Gladstone Commercial (GOOD -5.8%) prices a 1.4M share secondary at $18.15 each, with the underwriters retaining an option to purchase another 207K shares at that price. The offering will boost the float by about 10%.

Net proceeds (exclusive of the greenshoe) are expected to be about $23.7M.

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Comments (1)
  • marialexus
    , contributor
    Comments (9) | Send Message
    What does it mean when they price a secondary at 18.15 and the stock trades 50 cents below that?
    20 Nov 2013, 02:26 PM Reply Like
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