Citigroup to sell $4.5B of stock
The transaction also includes an over-allotment option of up to 17.8 million additional shares of common stock.
Citigroup Inc. is raising $4.5 billion through the sale of new shares of stock as the company tries to rebound after recording large losses related to risky investments.
The offering of 178 million shares of common stock will be priced at $25.27 per share.
The transaction also includes an over-all
Learn more about reprints and licensing for this article.
