Published on 7/20/2009 in the Prospect News PIPE Daily.
New Issue: East West Bancorp settles $27.5 million private placement of shares
By Devika Patel
Knoxville, Tenn., July 20 - East West Bancorp, Inc. completed a $27.5 million private placement of stock on July 14, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company sold 5 million common shares at $5.50 per share to two investors.
Based in Pasadena, Calif., East West Bancorp is the parent company of East West Bank.
| Issuer: | East West Bancorp, Inc.
|
| Issue: | Common stock
|
| Amount: | $27.5 million
|
| Shares: | 5 million
|
| Price: | $5.50
|
| Warrants: | No
|
| Settlement date: | July 14
|
| Stock symbol: | Nasdaq: EWBC
|
| Stock price: | $6.12 at close July 14
|
| Market capitalization: | $423 million
|
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