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.

From other sites
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
DJIA (DIA) S&P 500 (SPY)
ETF Hub
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