C Secondary Offer Price

ByStander

Citigroup Secondary Offering To Price At $3.15 A Share -CNBCLast update: 12/16/2009 4:59:34 PMDOW JONES NEWSWIRES Citigroup Inc. (C) will price a secondary offering of $20.5 billion of new equity capital and debt securities at $3.15 a share, CNBC's Bob Pisani reported Wednesday, citing sources on trading desks. The U.S. Treasury is not going to sell $5 billion of its common equity in the bank, Pisani said, because the pricing is lower than the $3.25 the government got in at. The government is, however, extending its so-called lockup period on the stock from 45 days to 90 days, he added. Web site: www.cnbc.com -Dow Jones Newswires; 212-416-2900 (END) Dow Jones NewswiresDecember 16, 2009 16:59 ET (21:59 GMT)

Fig

C wants to cheat the government. LOL.

trueself

Investors trade 83 mln Citi shares after hours

新低手

too bad for citi

much worse than I thought

happyface

thanks for the info

happylux

Wait patiently till c go down close to 3.15...

happylux

Woo, OMG, it's 3.31 now.

CoolMax

IF Citi won't go BK, then Buy and Hold for life time.

CoolMax

3.29

happylux

IF Citi won't go BK, then Buy and Hold for life time.
CoolMax 发表于 2009-12-16 05:38 PM

唯一问题：原股份可能被各种增股法稀释。

CoolMax

3.27

CoolMax

唯一问题：原股份可能被各种增股法稀释。
happylux 发表于 2009-12-16 05:41 PM

我准备拿每天DT的利润来买Citi。呵呵！

CoolMax

3.26

ByStander

too bad for citi

much worse than I thought
新低手 发表于 2009-12-16 17:33

What did you expect? When C announced secondary offering of $20B, it had a market cap of about $80B and the stock price was around $4.1X. The secondary offering is about 1/4th of its market cap. So a 25% drop in stock price is reasonable.

CoolMax

What did you expect? When C announced secondary offering of $20B, it had a market cap of about $80B and the stock price was around $4.1X. The secondary offering is about 1/4th of its market cap. S ...
ByStander 发表于 2009-12-16 05:56 PM

No, 能够拿到3.15的人，现在Short C，用Secondary Offer的股份来Cover。稳赚不赔的生意。

happylux

3.25

CoolMax

3.25

ByStander

No, 能够拿到3.15的人，现在Short C，用Secondary Offer的股份来Cover。稳赚不赔的生意。
CoolMax 发表于 2009-12-16 17:57

I'm talking basic supply and demand for a stock. If supply and demand is balanced., you cannot increase a stock's market cap through issuing new shares.

CoolMax

3.25
happylux 发表于 2009-12-16 06:00 PM

最好跌到0.99，可能性太小，呵呵！

CoolMax

I'm talking basic supply and demand for a stock. If supply and demand is balanced., you cannot increase a stock's market cap through issuing new shares.
ByStander 发表于 2009-12-16 06:01 PM

这跟FED印钱一个道理，谁印的快，谁赢。