Banking, finance, and taxes
Investools Files Shelf Registration (SWIM)
Published:
Last Updated:
Investools Inc. (NASDAQ: SWIM) has filed to sell up to 3,083,178 shares of common stock in an open shelf registration. None of the shares are going to the company as this was filed on behalf of the selling shareholders that were the owners of thinkorswim. This will allow the thinkorswim owners to sell any, all, or none of the shares if they so choose.
At today’s prices, this would represent north of $33 million. Investools market cap is $730 million. At $11.06 and a $9.29 to $18.23 trading range, this offering is just a small drop in the bucket.
We frequently cover such issues around private offerings, management buyouts, private equity and more in our open email distribution list where we preview certain issues that will be in our twice-monthly Special Situation newsletter for our our subscribers.
Jon C. Ogg
March 28, 2008
Jon Ogg produces the Special Situation Investing Newsletter and he can be reached at [email protected]; he does not own securities in the companies he covers.
Robinhood set out to democratize investing to individuals, and it’s not slowing down. The app makes it possible to buy and sell stocks, mutual funds, trade options, and even cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).
With FDIC insurance ,an award winning design, and benefits like IRAs and more, Robinhood could be your path to a richer tomorrow.
Sign up today — click here to start your journey.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.