PreferredStockChannel

Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Sat, December 4, 2:31 AM

Slide #107. 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 of a range of semiconductor and infrastructure software solutions. Co. develops semiconductor devices with a focus on digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products. Co.'s infrastructure software solutions enable customers to plan, develop, automate, manage and secure applications across mainframe, distributed, mobile and cloud platforms. Co. provides a cyber security solutions portfolio, including endpoint, network, information and identity security solutions, and provides mission critical fibre channel storage area networking products.
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Name: 
Broadcom Inc (DE)
Website: 
www.broadcom.com
Sector: 
Semiconductors
Number of ETFs Holding AVGO: 
136 (see which ones)
Total Market Value Held by ETFs: 
$31,949,950,700.28
Total Market Capitalization: 
$227,904,000,000
% of Market Cap. Held by ETFs: 
14.02%
 

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