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<a href="http://www.accessmylibrary.com/coms2/summary_0286-34688574_ITM" title="Facts and information about Citi Raising $4.5 Billion In Latest Capital Boost.">Citi Raising $4.5 Billion In Latest Capital Boost.</a>
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Citi Raising $4.5 Billion In Latest Capital Boost.
New York -- Shares of Citigroup sank more than 2% last Wednesday after the company priced a $4.5 billion common stock offering. Citi had previously announced its intention to issue $3 billion of shares but raised the amount in response to investor demand. The offering was priced at $25.27 per share. Citigroup said that the $4.5 billion offering, which comes on the heels of a $6 billion issuance of preferred stock, will would give the company a Tier 1 capital ratio of ...
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Source: HighBeam Research, Citi Raising $4.5 Billion In Latest Capital Boost.