Looking back to 90 days ago, Equity One, Inc. (NYSE: EQY) priced a 3,825,000 share secondary stock offering at $23.30 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time and based on early trading on Tuesday, the stock is now 6% above the offering price. It should be noted that investors at the secondary have collected $0.22/share in dividends since the time of their purchase, so they are currently up 6.9% on their purchase from a total return basis.
Source: Markets
Author
Harry Joiner
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