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First Republic Bank -1.3% on secondary offering

Mar. 12, 2015 4:17 PM ETFirst Republic Bank (FRCB)By: Stephen Alpher, SA News Editor
  • It's stock trading for more than double the most-recently reported book value, First Republic (NYSE:FRC) decides to issue 3.5M shares, with an underwriter greenshoe of 525K shares.
  • Source: Press Release
  • The stock's lower by 1.3% premarket to $58.91. Dec. 31 book value per share was $28.13.

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