Boeing sets milestone with colossal equity issue

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The story "Boeing sets milestone with colossal equity issue" was covered 2 weeks ago by Financial Times, a news publisher based in United States.

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Financial Times 2w ago

Boeing sets milestone with colossal equity issue - Financial Times

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.