Published: January 17, 2024 at 5:21 pm ET
By Stephen Nacrose
Palmer Square Capital BDC said Wednesday it would price its initial public offering of 5.45 million common shares at $16.45 apiece.
The company expects gross proceeds of approximately $89.7 million. Palmer Square wants to use the proceeds for investments.
The…
By Stephen Nacrose
Palmer Square Capital BDC said Wednesday it would price its initial public offering of 5.45 million common shares at $16.45 apiece.
The company expects gross proceeds of approximately $89.7 million. Palmer Square wants to use the proceeds for investments.
The stock is expected to begin trading on the New York Stock Exchange on Thursday under the symbol PSBD.
Underwriters of the offering have been granted an option to purchase up to 817,500 additional shares, Palmer Square said.
Palmer Square Capital said it is a closed-end management investment company that originates and invests in corporate bonds.
Write to Stephen Nakrosis at [email protected]
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