Apollo Commercial down 4.1% after pricing secondary

|About: Apollo Commercial Real E... (ARI)|By:, SA News Editor

The company's 12M share sale has reportedly priced at $18.25 per share, well north of Dec. 31 book value of $16.12. The underwriters have an option to buy another 1.8M shares at the offering price.

ARI -4.1% to $18.20

Previously: Apollo Commercial raising capital; shares down 1.75% (May 30)

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