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Strong Buy (3.78 out of 4)
100th percentile
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Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Thursday, April 18, 8:54 PM
Slide #154. Broadcom Inc. — Preferred Stock Offering
Company: |
Broadcom Inc. (NASDAQ:AVGO) |
Date announced: |
9/24/2019 |
Shares Offered: |
3,250,000 |
Date of Pricing: |
9/24/2019 |
Price Per Share: |
$1,000.00 |
Preferred Stock Offering Details: |
Broadcom Inc. (Nasdaq: AVGO) ("Broadcom") announced today that it has commenced a public offering of $3.0 billion of shares of Series A Mandatory Convertible Preferred Stock ("Mandatory Convertible Preferred Stock"), subject to market conditions and other factors (the "Offering"). Broadcom expects to grant the underwriters a 30-day option to purchase up to an additional $450.0 million of shares of Mandatory Convertible Preferred Stock solely to cover over-allotments, if any. -updated 9/24- Broadcom Inc. (Nasdaq: AVGO) ("Broadcom") announced today that it has upsized and priced a public offering of 3,250,000 shares of 8.00% Series A Mandatory Convertible Preferred Stock (the "Mandatory Convertible Preferred Stock") at a price to the public of $1,000 per share (the "Offering"). The Offering was upsized from the previously announced $3.0 billion of shares of Mandatory Convertible Preferred Stock. The underwriters have a 30-day option to purchase up to an additional 487,500 shares of Mandatory Convertible Preferred Stock solely to cover over-allotments, if any. The Offering is scheduled to be completed on September 30, 2019, subject to customary closing conditions. |
Broadcom is a holding company. Through its subsidiaries, Co. designs, develops and supplies a range of semiconductor and infrastructure software solutions. Co. maintains design, product and software development engineering resources at locations in the U.S., Asia, Europe and Israel. Co. has two reportable segments: semiconductor solutions and infrastructure software. Co.'s semiconductor solutions segment includes its product lines and intellectual property licensing. Co.'s infrastructure software segment includes its mainframe, distributed and cyber security solutions, and its fiber channel storage area networking business.
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Name: |
Broadcom Inc (DE) |
Website: |
www.broadcom.com |
Sector: |
Semiconductors |
Number of ETFs Holding AVGO: |
151 (see which ones) |
Total Market Value Held by ETFs: |
$91,441,692,537.56 |
Total Market Capitalization: |
$622,187,000,000 |
% of Market Cap. Held by ETFs: |
14.70% |
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