Deal Details
Follow-On Offering
Summary
Baird served as co-manager on this offering
About
RCS Capital Corporation (the “Company”) (NYSE: RCAP) recently completed a follow-on offering of 24,000,000 shares of common stock at a price of $20.25 per share, generating gross proceeds of approximately $486 million. The Company intends to use the net proceeds from the offering to fund a portion of the consideration required for its pending acquisitions and for general corporate purposes, including debt repayment and fees related to the pending acquisitions, private offerings and other acquisitions.RCS Capital Corporation is engaged in the wholesale distribution, investment banking and capital markets businesses, a retail advice business and a research business focused on alternative investments. The Company will be an integrated financial services platform that also will provide financial advice to approximately 1.9 million clients through a network of over 9,100 financial advisors, as well as institutional financial services. RCS Capital Corporation is headquartered in New York, New York.
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- Date
- June 2014
- Company
- RCS Capital Corporation
- Transaction
- M&A
- Sectors
- Real Estate
- Target Geography
- North America
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