Citigroup (C) -5.8% in early premarket trading. Late yesterday, Citi confirmed it priced 5.4B...

|About: Citigroup Inc. (C)|By:, SA News Editor

Citigroup (C) -5.8% in early premarket trading. Late yesterday, Citi confirmed it priced 5.4B shares at $3.15, generating net proceeds of $17B. Treasury, which was slated to sell $5B in stock concurrently, didn't participate after pricing was lower than the $3.25/share it paid. Treasury extended the lock-up period on its 7.7B share stake to 90 days from 45.