JPMorgan Chase & Co. Prices $5 Billion Common Equity Offering
By admin - Posted on June 3rd, 2009
Tagged: Banking
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• JPMorgan Chase
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New York, June 2, 2009 - JPMorgan Chase & Co. (NYSE: JPM) today announced that it priced an offering of 142.0 million shares of its common stock at a price to the public of $35.25 per share, or $5 billion in the aggregate. J.P. Morgan Securities Inc. served as sole bookrunning manager and underwriter for the transaction.
The underwriter will have a 30-day option to purchase up to an additional 21.3 million shares of common stock from the company, solely to cover over-allotments. The closing is expected to occur on or about June 5, 2009, subject to customary closing conditions.
JPMorgan Chase & Co. (NYSE: JPM) is a global financial services firm with assets of $2.1 trillion and operations in more than 60 countries.
Source: JPMorgan Chase & Co.
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