wrote an interesting post today on
Here’s a quick excerpt
E*Trade Financial Corp. ( ETFC ) today completed a previously announced at-the-market common stock offering worth $150 million. The company sold approximately 80.2 million shares at an average price of $1.87 per share. The offering resulted in proceeds of $147 million, net of commissions and offering expenses. In an at-the-market offering, a company sells shares at market prices over an extended course of time instead of selling all shares straight away at a fixed price. Sandler O’Neill &

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