{"id":86583,"date":"2009-12-17T09:12:29","date_gmt":"2009-12-17T14:12:29","guid":{"rendered":"http:\/\/www.businessinsider.com\/citi-underwriters-step-in-to-prevent-stock-from-falling-below-3-2009-12"},"modified":"2009-12-17T09:12:29","modified_gmt":"2009-12-17T14:12:29","slug":"citi-underwriters-step-in-to-prevent-stock-from-falling-below-3","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/86583","title":{"rendered":"Citi Underwriters Step In To Prevent Stock From Falling Below $3"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/~~\/f?id=4afbfdef00000000006440a3&amp;maxX=413&amp;maxY=279\" border=\"0\" alt=\"Citi Blind\" width=\"413\" height=\"279\" \/><\/p>\n<p>Interesting footnote to the disastrous Citi offering (which Bob Pisani reminds us is the biggest equity offering in US history, so that&#8217;s awesome!): the underwriters had to step in and snap up shares to prevent the stock from going below $3.<\/p>\n<p>CNBC&#8217;s David Faber reported the news just now, and it may continue to spook the markets.<\/p>\n<p>If the stock does fall below $3 &#8212; and it certainly may, perhaps even today &#8212; it will signal that the decision to let Citi repay TARP was either woefully early or woefully late.<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/citi-underwriters-step-in-to-prevent-stock-from-falling-below-3-2009-12#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/citi-off-8-2009-12\">CITI OFF 8% <\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/asia-europe-gold-futures-all-down-as-citigroup-secondary-reminds-the-world-theres-not-an-unlimited-pool-of-cash-out-there-2009-12\">Asia, Europe, Gold, US Down As Citi&#8217;s Weak Secondary Reveals Limits To Liquidity<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/financal-stocks-have-been-warning-of-trouble-for-months-2009-12\">Financial Stocks Have Been Warning Of Trouble For Months<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/6wyLb8cbsRg\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Interesting footnote to the disastrous Citi offering (which Bob Pisani reminds us is the biggest equity offering in US history, so that&#8217;s awesome!): the underwriters had to step in and snap up shares to prevent the stock from going below $3. CNBC&#8217;s David Faber reported the news just now, and it may continue to spook [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-86583","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/86583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=86583"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/86583\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=86583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=86583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=86583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}