American Capital IPO Review: Finance Trading Times

American Capital IPO Review

One more IPO is slated to enter the US markets. In these turbulent times, when the financial markets across the globe are witnessing huge volatility, a financial investment firm has come out with an IPO plan.

The Maryland-based investment firm American Capital Agency Corporation, which is a 100% subsidiary of American Capital Strategies Ltd. (ACAS), is coming out with an IPO or initial public offer.

What is the size of the American Capital IPO?
Around 12.5 million shares will be offered for sale through the American Capital IPO.

What is the price of American Capital IPO share?
The American Capital IPO shares are offered at the price of $20 per share.

How much capital will be raised through the American Capital IPO?
The American Capital IPO is expected to raise around 250 million dollars from the IPO.

Which exchange will the American Capital IPO shares be listed?
Post IPO, the shares of American Capital IPO will be listed on the NASDAQ stock exchange with the symbol “AGNC”.

How will the capital raised or IPO proceeds be used for American Capital IPO?
The proceeds from the offering will be invested in single-family residential mortgage pass-through securities and collateralized mortgage obligations.
Who are the underwriters and book runners of the American Capital IPO issue?
The book runners for the offering will be Citi and Merrill Lynch, while Credit Suisse, Deutsche Bank Securities and Morgan Stanley will act as joint lead managers. Undertakers will be granted a 30-day option to buy up to 1.88 million shares at the initial public offering price to cover over-allotments.

Any other listing from the group?
Yes, the parent company, American Capital Strategies Ltd. (ACAS), is already listed on the stock exchange. Shares of ACAS are trading at $31.48, up $0.37 or 1.19%, on a volume of 1.11 million. Let’s see how this IPO performs in the markets once it opens up for subscription. Table of Contents
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