E*TRADE Financial Corp. (ETFC) said Wednesday that Citadel Equity Fund Ltd., an affiliate of Citadel LLC, plans to offer about 27.4 million shares of E*TRADE common stock in an underwritten offering.
The closing of the offering is expected to occur on or about March 19, subject to customary conditions.
The online brokerage company said it will not receive any proceeds from the sale of common stock by the selling stockholders in the offering, and its total number of common shares outstanding will not change.
Citigroup will be the sole underwriter of the offering.
Shares of E*TRADE are currently losing about 4 percent in after-hours trade on the Nasdaq.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.