Market Overview

Stock Offerings En Vogue Over Last Several Sessions

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Stock Offerings En Vogue Over Last Several Sessions

The reasons a company decides to generate capital through offering common stock are boundless: some good reasons and some bad. From a shareholder's perspective, hearing that a company you're invested in is diluting your shares isn't pleasant.

From a prospective investor's perspective, the company may be raising capital for the right reasons, whether it's an acquisition or expansion. Buying into a company at or soon after a public offering can be an opportunity to get in before a growth period.

Related Link: 6 IPOs Scheduled To Open This Week

This week has seen over a dozen companies selling off common stock and raising capital:

  • Acacia Communications, Inc. (NASDAQ: ACIA): offered $450 million common stock, $125 million from the company and the rest from selling shareholders.
  • BioPharmX Corp (NYSE: BPMX): announced direct offering generating $930,000.
  • Foamix Pharmaceuticals Ltd (NASDAQ: FOMX): priced 6 million shares at $9.50.
  • Independence Realty Trust Inc (NYSE: IRT): announced offering of 25 million shares no current news on pricing.
  • Manitex International Inc (NASDAQ: MNTX): registered for $75 million Mixed Securities Shelf Offering.
  • Medical Properties Trust, Inc. (NYSE: MPW): priced 50 million shares at $14.50/share.
  • Myokardia Inc (NASDAQ: MYOK): priced 3.8 million at $15/share.
  • Nordic American Tanker Ltd (NYSE: NAT): reported offering of 11 million shares.
  • Rice Energy Inc (NYSE: RICE): priced 40 million shares at $25.50/share.
  • SCANA Corporation (NYSE: SCG): announced offering of ~2.71 million shares.
  • Sunoco Logistics Partners L.P. (NYSE: SXL): priced 21 million shares at $27/share.
  • Versartis Inc (NASDAQ: VSAR): priced 4.898 million shared at $12.25/share.
  • XBiotech Inc (NASDAQ: XBIT): announced $50.3 million ATM stock sales announcement with H.C. Wainwright & Co. LLC.

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