State Street (STT) has released an update.
State Street has entered into an underwriting agreement with BofA Securities, Deutsche Bank Securities, and Goldman Sachs & Co. for the sale of 1.5 million depositary shares representing an interest in Preferred Stock. This public offering is part of an underwritten public offering and is expected to net approximately $1.481 billion for State Street after expenses. The shares were priced at $1,000 each, and a future deposit agreement with Equiniti Trust Company is anticipated to manage the shares.
For further insights into STT stock, check out TipRanks’ Stock Analysis page.
For a comprehensive understanding of the announcement, you can read the full document here.
