Boeing sets milestone with colossal equity issue

Quick Summary:

Boeing wasn’t trying to drive a hard bargain, but rather was determined first and foremost to bolster its battered balance sheet — even if it meant leaving some money on the table for investors.

In short, the Boeing record-breaking offering is a recognition by the company that a fortress balance sheet is a precondition for its turnaround.

The stock offering was priced at $143 per share, a roughly 5 per cent discount to Monday’s close — a reasonable level given the circumstances.

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Article Details

Author / Journalist: Craig Coben

Category: MarketsFinanceInvesting

Markets: United States

Topics: Equity Price Management Shares Offering Boeing Stock Financial Cent Market Boeing’s

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-02 @ 05:00:46 (3 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 841 words

Reading Time: 5 minutes read

Sentences: 38 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23422793

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Main Topics: MarketsFinanceInvesting

Official Website: ft.com

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Year Established: 1888

Headquarters: United States

News Last Updated: 9 hours ago

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