Cathay General Bancorp (CATY) said it priced an offering of 13.07 million shares of its common stock at an initial price to the public of $8.80 per share, or $115 million in aggregate gross proceeds. The company has increased the size of the offering from the previously announced $100 million to $115 million in aggregate gross proceeds. The closing is expected to occur on or about February 5, 2010.
The company has granted the underwriters a 30-day option to purchase up to an additional 1.96 million shares of its common stock to cover over-allotments, if any.
The company expects to use the net proceeds of the Offering for general corporate purposes.
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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.