BlackRock (BLK) Prices 28.753M Share Secondary Offering at $420/Sh
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/3/2026
- Wall St ends higher as stocks reclaim some shine
- Broadcom raises AI chip forecast as Big Tech keeps writing bigger checks
- Snowflake soars 20% on earnings beat and raised guidance
- Oil settles 1% higher, as US-Iran strikes threaten supplies
- Could Apple’s foldable iPhone be a $14B opportunity? Morgan Stanley weighs in
BlackRock Announces Pricing of Secondary Offering of Common Stock
May 12, 2020 9:45 PM EDTNEW YORK--(BUSINESS WIRE)-- BlackRock, Inc. (the "Company") (NYSE: BLK) today announced the pricing of the secondary offering of 28,753,248 shares of common stock held by The PNC Financial Services Group, Inc. (NYSE: PNC) (PNC) at a price of $420 per share. BlackRock also agreed to purchase approximately 2.7 million shares directly from PNC, at a price of $414.96 per share (representing the price paid by the underwriters in the offering), for an aggregate purchase amount of $1.1 billion.
In connection with the offering, the underwriters have a 30-day option to purchase up... More
