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Shares Of Invesco Fall After $400M Stock Offering

Stock quotes in this article: IVZ  

NEW YORK (AP) — Shares of Invesco Ltd. fell Tuesday after an analyst wrote that the asset manager's public offering of $400 million in common stock could indicate its cash flow is tight.

Invesco stock fell 97 cents, or 6.2 percent, to $14.62 in morning trading.

On Monday, Invesco said it started a public offering to sell $400 million of its shares. The Atlanta-based firm said proceeds would be used for general corporate purposes. ...

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