Investors Bag LPI 6.8% Lower Than Its Secondary Stock Offering
March 13, 2015 at 10:13 AM EDT
Looking back to 11 days ago, Laredo Petroleum, Inc (LPI) priced a 60,000,000 share secondary stock offering at $11.05 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..