Wisdom Tree, stockholders plan common share offering with greenshoe

By Toni Weeks

San Diego, Oct. 17 - Wisdom Tree Investments, Inc. said it plans a public offering of up to 1 million shares of its common stock, according to a form S-1 filed with the Securities and Exchange Commission.

Some of the stockholders will also be offering shares, with the number of shares yet to be determined.

Bank of America Merrill Lynch and Morgan Stanley & Co. LLC are the joint bookrunners for the offering. The deal will include a 30-day over-allotment option.

Wisdom Tree shares (Nasdaq: WETF) closed at $6.33 each on Oct. 14.

Proceeds will be used for working capital and general corporate purposes.

Wisdom Tree is a New York-based exchange-traded fund sponsor and asset manager.

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