E*Trade Completes Stock Offering – Analyst Blog
Posted by: in Real Estate Mortgages, tags: Amp, Blog, Commissions, Common Stock, E Trade, E Trade Financial, E Trade Financial Corp, Etfc, Excerpt, Market Stock, News Sources, Proceeds, Stock Analyst, Stock News, Trade StockNews Sources wrote an interesting post today on
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E*Trade Financial Corp. ( ETFC ) today completed a previously announced at-the-market common stock offering worth $150 million. The company sold approximately 80.2 million shares at an average price of $1.87 per share. The offering resulted in proceeds of $147 million, net of commissions and offering expenses. In an at-the-market offering, a company sells shares at market prices over an extended course of time instead of selling all shares straight away at a fixed price. Sandler O’Neill &
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