Invesco Mortgage Capital IVR today announced the completion of its public offering of 20,000,000 shares of common stock. The total offering of 20,000,000 shares produced gross proceeds of approximately $367.4 million, before deducting underwriting discounts and estimated offering expenses. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 3,000,000 shares of the Company's common stock to cover over-allotments, if any.
Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. LLC acted as joint book-running managers for the offering.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in