JBG Smith Properties has announced plans to sell 10 million common shares to raise more than $400 million. Shortly after 4 p.m. Monday, the Chevy Chase-based JBG Smith issued a release announcing an underwritten public offering of 9 million shares. Roughly seven hours later, at 11 p.m., a new release was issued raising the count to 10 million shares at $42 per share, or $410.6 million. The shares are expected to be delivered by Thursday. The net proceeds from the offering will fund development…
from https://www.bizjournals.com/baltimore/news/2019/04/16/jbg-smith-could-net-nearly-400m-with-stock.html?ana=RSS&s=article_search
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