FBR Capital Markets (FBCM) Prices 21.5M Shares At $4.65 A Shares
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FBR Capital Markets Corporation (Nasdaq: FBCM) announced that it has priced a public offering of 21,500,000 shares of its common stock at $4.65 per share, 20,000,000 of which will be sold by FBR Capital Markets and 1,500,000 of which will be sold by a selling stockholder that is a wholly-owned subsidiary of Arlington Asset Investment Corp. Proceeds to FBR Capital Markets, after the underwriting discount but before expenses, will be approximately $88,350,000. The underwriters have a 30-day option to purchase up to an additional 3,225,000 shares of the FBR Capital Markets common stock to cover over-allotments, if any, from the selling stockholder. FBR Capital Markets will not receive any of the net proceeds from the sale of shares by the selling stockholder.
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