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home / news releases / FRC - First Republic Bank slips 2% after the bell on stock offering

FRC - First Republic Bank slips 2% after the bell on stock offering

FIRST REPUBLIC BANK

  • First Republic Bank ( NYSE: FRC ) said Tuesday it will sell 2M shares in an underwritten public offering, sending its stock 2.1% lower after the bell.
  • The company granted the underwriters a 30-day option to buy up to an additional 300K shares.
  • Net proceeds will be used for general corporate purposes, which may include funding loans or buying investment securities.
  • The offering is expected to close on or about February 10.
  • Earlier, First Republic ( FRC ) Q4 results topped estimates .

For further details see:

First Republic Bank slips 2% after the bell on stock offering
Stock Information
Company Name: FIRST REPUBLIC BANK
Stock Symbol: FRC
Market: NYSE
Website: firstrepublic.com
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