Miss EQR's $54.75 Offering But Think It's A Deal At $52.50?

Looking back to 181 days ago, Equity Residential (EQR) priced a 19,000,000 share secondary stock offering at $54.75 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time and based on early trading on Tuesday, the stock is now 9.8% higher than the offering price.