Investors Grab SBNY 7.3% Lower Than Its Secondary Stock Offering
September 10, 2014 at 11:14 AM EDT
Looking back to 92 days ago, Signature Bank (SBNY) priced a 2,100,000 share secondary stock offering at $123.25 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..