The original size of the offering was 34M shares. The greenshoe is upsized as well - to 6M shares from 5.1M.
Investors yesterday gave their thumbs up to Gramercy's (GPT) capital raise and buyout of its partner's 50% stake in the Bank of America branch/office portfolio, bidding the stock up to $5.21 after shares dropped below $5 in the initial knee-jerk response.
Previously: Gramercy to buy out partner in BofA portfolio
Previously: 34M share secondary for Gramercy Property Trust