Equity Offerings Still En Fuego (DCT, MTZ, BKD, AXP, SBNY, ICON, IRET)
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There does not seem to be an end to companies raising money through offering stock. There were over 10 companies that announced offerings today including 5 of them who announced they'd be raising money after the close of trading.
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- Signature Bank (Nasdaq: SBNY) announced a 4 million share offering.
- American Express (NYSE: AXP) announced a $500 million stock offering.
- Brookdale Senior Living (NYSE: BKD) announced a $150 million offering.
- Mastec (NYSE: MTZ) announced an offering $100 million in convertible notes and 4 million shares.
- DCT Industrial Trust (NYSE: DCT) offering 22.5 million shares.
- Iconix Brand (Nasdaq: ICON) announced a follow-on equity offering consisting of 9.2 million shares by the company and 800,000 shares by certain selling shareholders.
- Ivestors Real Estate Trust (Nasdaq: IRET) planning a 3 million share offering.
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