It was a straightforward question decided in a straightforward manner.
The question: with another Halogen Software Inc. equity offering in the works, what would happen to the syndicate when one of the five underwriters — specifically one of the two lead managers and book runners used in its initial public offering that was completed earlier this year — has exited the business?
By Ian Wyatt: Zynga (ZYNG) is set to go public in two weeks. In the meantime, the online game company is taking steps to make sure that its IPO doesn’t suffer the same fate as fellow technology stocks Pandora (NYSE: P) and Groupon (Nasdaq: GRPN).
By Ian Wyatt:
By Chris Preston
Zynga (ZYNG) is set to go public in two weeks. In the meantime, the online game company is taking steps to make sure that its IPO doesn’t suffer the same fate as fellow technology stocks Pandora (P) and Groupon (GRPN).
By Bill Gunderson:What does it mean if you own a stock that just announced a secondary offering? A lot of people think a secondary offering is a bad thing. Well, it can be, but many times, it can also be a good thing.A secondary offering in a lousy stock is almost always a bad thing. It usually means the company is running out of money and it needs to keep raising more to survive.
Zvi Bar submits:Yesterday, Annaly Capital Management, Inc. (NLY) announced and priced a secondary public offering of 120 million shares of its common stock. This secondary will be priced at $17.70 per share. The shares should adjust lower immediately, as the market price reacts to the secondary price.
Todd Johnson submits:American Capital Agency (AGNC) recently offered a $1.2-billion secondary offering to raise additional funds. Based upon the temporary share weakness due to the secondary, AGNC shares presently offer a 19.4% annual dividend. This is based upon the current $1.40-quarterly dividend.