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Newtek plans to price public offering of 2 million common shares
Keefe, Bruyette & Woods, Raymond James, JMP Securities help with sale
By Devika Patel
Knoxville, Tenn., Oct. 8 – Newtek Business Services Corp. will sell 2 million common shares in a public offering with a greenshoe of 300,000 additional shares, according to a 497 filed Thursday with the Securities and Exchange Commission.
The sale is expected to price after the close on Thursday.
Keefe, Bruyette & Woods, Raymond James and JMP Securities are the bookrunners. Ladenburg Thalmann and Compass Point are the co-managers.
The New York company provides business and financial products to small and medium-sized businesses.
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