Seeking Alpha

NorthStar prices secondary at $11.65 each

NorthStar Realty Finance (NRF) pulls off a whopper of a secondary, pricing 50M shares at $11.65 each, just 2.5% below yesterday's close.

The offering, of course, came right on the heels of the plan to spin off the company's asset management business and a 20% jump in the stock yesterday.

Shares -2.3% to $11.68 premarket

Press release

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