Underwritten offering

Underwritten offering

Purchase and Sale

A method of underwriting in which an underwriter buys an issue for his/her own account and then attempts to sell the issue to other investors. If the underwriter is unsuccessful in placing the issue, he/she keeps what remains. It contrasts with various other forms of underwriting, notably best-efforts sale, in which the underwriter returns the remaining issue to the issuer. The Bank of Canada uses a form of the purchase and sale method, known as a Purchase and Resale Agreement, when selling its treasury securities. It is also called an underwritten offering.
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First Internet Bancorp (NASDAQ:INBK) reported on Wednesday that it has closed the underwritten offering of 945,000 shares of its common stock at USD26.
International Resource News-September 12, 2016--NextEra Energy Partners, LP prices registered underwritten offering of 10,402,000 common units
First Internet Bancorp (NASDAQ: INBK), the parent company of First Internet Bank, has said that it has closed its previously announced underwritten offering of 895,955 shares of its common stock at a price of USD24.
This underwritten offering closed on November 18, 2015 and resulted in gross proceeds to Bank of America, N.
M2 PHARMA-June 10, 2015-Heron Therapeutics to issue common stock in proposed underwritten offering
The Legatum Group will receive all the proceeds from the underwritten offering; no shares in the underwritten offering are being sold by Sonus or any of its officers or directors.
10 January 2014 -- Financial services firms Credit Suisse (NYSE: CS) Citigroup (NYSE: C) RBC Capital Markets (NYSE: RY) and UBS Investment Bank (NYSE: UBS) said they are acting as joint bookrunning managers for Houston US-based NCI Building Systems Inc's (NYSE: NCS) underwritten offering of 8.
The company and certain shareholders plan to offer 4,322,801 shares of Class A common stock in an underwritten offering to be managed by Goldman, Sachs & Co.
Pharmaceutical company Trevena (NasdaqGS:TRVN) said on Friday that it has priced an underwritten offering of 6,500,000 shares of its common stock.
Morgan Securities LLC, as the underwriter in a registered offering of these shares (the underwritten offering ).
On April 21, 2014, the company announced that it commenced the firm commitment underwritten offering portion of the second step conversion to sell shares of common stock not subscribed for in the subscription offering to the general public at USD10.
The company intends to grant Keefe, Bruyette & Woods the option to purchase up to an additional 10% of the shares of common stock being offered in the underwritten offering to cover over-allotments, if any.