LPL Financial Holdings (LPLA) said Monday it has launched an underwritten public offering of $1.50 billion of its common shares.
The underwriters will likely get a 30-day option to buy up to an additional $225 million of LPL Financial's common stock, the company said.
Net proceeds are expected to finance a part of the cash consideration related to LPL Financial's proposed acquisition of Commonwealth Financial Network, with any remaining funds to be used for general corporate purposes, LPL Financial added.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。