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Compared with the new-issue market, the market for secondary stock offerings is relatively healthy.
The company also raised $136 million in a secondary stock offering.
In addition, RCN made secondary stock offerings in both 1998 and 1999.
First Horizon Pharmaceuticals, which did a secondary stock offering on Thursday, is a case in point.
He was referring to the secondary stock issue that the NYSE is planning.
The company then raised $193 million in a secondary stock offering, easing cash concerns.
In April, Hansen raised $39.4 million in a secondary stock offering despite Wall Street's gloomy outlook on the economy.
In the week just completed, just under half of the 50 initial public offerings and secondary stock offerings were priced.
Q. Might you also take a look at companies that are on track to do secondary stock offerings?
Public companies raising additional capital in secondary stock offerings normally price those offerings below the going market price.
But that market has held up better than the market for secondary stock offerings, which has become "very difficult," Mr. Hantho said.
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