Loop Capital Selected as Second-Largest Underwriter of $10.5 billion Citigroup Offering
December 6th, 2010
On December 6, 2010, The United States Department of the Treasury sold 2.42 billion shares of Citigroup common stock priced at $4.35 per share. The deal marked the U.S. Treasury's divestiture of its remaining stake in Citigroup, bringing the company closer to full autonomy and netting nearly $12 billion in profit for taxpayers. Loop Capital was a senior co-manager, underwriting 67.1 million shares, the second-largest amount of any of the 14 participating underwriters.
