Investing

Secondary Stock Offering Floodgates Open Wide (ARCC, SAVE, AONE, SQNM, BWP, HTGC, MMLP, ZIOP, FRAN, NAT)

If you watch underwritings in stocks, it would be literally impossible not to pay attention to the waves of secondary stock offerings from companies in the last 48 hours.  Some of the key secondary offerings that have prices and been proposed are as follows: Ares Capital Corporation (NASDAQ: ARCC), Spirit Airlines, Inc. (NASDAQ: SAVE), A123 Systems, Inc. (NASDAQ: AONE), Sequenom Inc. (NASDAQ: SQNM), Boardwalk Pipeline Partners LP (NYSE: BWP), Hercules Technology Growth Capital Inc. (NASDAQ: HTGC), Martin Midstream Partners LP (NASDAQ: MMLP), ZIOPHARM Oncology, Inc. (NASDAQ: ZIOP), Francesca’s Holdings Corporation (NASDAQ: FRAN), and Nordic American Tankers Limited (NYSE: NAT).

Here is a link to each summary with much more detail from the wire:

Ares Secondary (ARCC) hits shares
Spirit Airlines (SAVE) insiders unloading stock
A123 (AONE) has a direct share sale
Sequenom (SQNM) needs capital
Boardwalk Pipeline (BWP) Raising Capital
Hercules (HTGC) raising new investment capital
Martin Midstream Partners (MMLP) buying analyst coverage
ZIOPHARM (ZIOP) raising cash
Francesca’s (FRAN) shares held up
Nordic American Tankers (NAT) sells shares for more boat buying

What is funny is that this list is ten companies and it still leaves a few fresh filings out.

JON C. OGG

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