FBR Capital secondary stock offering priced
FBR Capital Markets secondary stock offering priced at $6 each
- On 4:48 pm EDT, Friday October 23, 2009
ARLINGTON, Va. (AP) -- Investment bank FBR Capital Markets Corp. said Friday that subsidiary Arlington Asset Investment Corp.'s secondary stock offering of 12.8 million shares of FBR stock was priced at $6 each.
After the underwriting discount but before expenses, the company Arlington expects to net $73.1 million.
The underwriters may buy another 1.9 million shares.
A unit of FBR and Barclays Capital Inc. are joint book-running managers for the offering. Sandler O'Neill & Partners LP is a co-manager.
Shares of FBR, based in Arlington, Va., gained 48 cents, or 8 percent, to close at $6.51.
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