Ameriprise Financial (AMP) Prices 36M Shares at $25
Down)
Ameriprise Financial, Inc. (NYSE: AMP) announced that it has priced its underwritten registered public offering of 36 million shares of its common stock at $25.00 per share.
AMP closed at $25.99 per share.
The aggregate net proceeds to Ameriprise Financial from the offering of common stock will be approximately $868.5 million, exclusive of any proceeds attributable to the underwriters' possible exercise of their over-allotment option. The company plans to use the proceeds for general corporate purposes, including to support growth initiatives and to take advantage of acquisition opportunities as they become available.
AMP closed at $25.99 per share.
The aggregate net proceeds to Ameriprise Financial from the offering of common stock will be approximately $868.5 million, exclusive of any proceeds attributable to the underwriters' possible exercise of their over-allotment option. The company plans to use the proceeds for general corporate purposes, including to support growth initiatives and to take advantage of acquisition opportunities as they become available.
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