Category: secondary offerings

Company secondary offerings setting records

The week ended December 10th witnessed 41 secondary offerings, surpassing the record of 37 set just four weeks ago.  Leading the way was a massive $10.5 billion offering by Citigroup so that Uncle Sam could unload his holdings.  Other notable offerings in recent weeks:

  • emerging markets – Banco Bilbao Vizcaya Argentaria, $6.7 billion
  • REITs – General Growth Properties, $2.0 billion
  • financials – BlackRock, $9.2 billion

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