American Capital Mortgage Investment Corp. Announces Pricing Of Public Offering
So, it will be $513 millions before all the fees and commission from the Underwriting. MTGE price for the new 20M shares of public offer is $25.65 per share take all the fees out, IMHO.... MTGE will get approx $24.00 per share.
"American Capital Mortgage Investment Corp. Announces Pricing Of Public Offering Of Common Stock
BETHESDA, Md., Feb. 12, 2013 /PRNewswire/ -- American Capital Mortgage Investment Corp. (Nasdaq: MTGE) ("MTGE" or the "Company") announced today that it priced a public offering of 20,000,000 shares of common stock for total expected gross proceeds of approximately $513 million before expenses.
In connection with the offering, the Company has granted the underwriters an option for 30 days to purchase up to an additional 3,000,000 shares of common stock. The offering is subject to customary closing conditions and is expected to close on February 15, 2013.
well, I can't predict the stock price...I did write it was "in my opinion" also take in account that MTGE was trading in the range of $23.00 to $24.00 per share in December 12 and January 13. Just 2 months ago.