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Cost of capital What's wrong with clns? This ignores underwriters exercising option to purchase 15% more. They just sold 12 million new pfd at 25.00 per share. The underwriter discount was 78.75 cents per share which is 3.15% of 25.00. SUI just sold 4.2 million shares at an offering price of 85.56. The underwriter discount was 88 cents per share which is 1.03% of the offering price. Why does CLNS pay the underwriters more than THREE TIMES, pct-wise, what SUI paid? The gross offering of CLNS was 300 million. Costs of offering, other than underwriter discount = 650,000. The gross offering of SUI was 359 million. Costs of offering, other than underwriter discount, = 100,000. Why does CLNS pay 6.5 TIMES what SUI spent to raise less money than SUI? This email was sent to CLNS. |
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Msg # | Subject | Author | Recs | Date Posted |
5146 | Re: Cost of capital | jlmathis69 | 0 | 5/26/2017 5:27:37 PM |