NXP, Charter Communications Among Cos. Launching Share Offerings

   By Kristin Jones 
 

Several companies launched stock offerings after the market closed.

Arlington Asset Investment Corp. (AI) is offering 3 million Class A shares, expecting to use the proceeds to acquire residential mortgage-backed securities and other assets. The real-estate investment trust had 12.6 million Class A shares outstanding as of Jan. 31. Shares were off 3.1% at $25.59 after hours.

Hercules Technology Growth Capital Inc. (HTGC) is offering 7 million shares. The specialty finance firm had around 52.9 million shares outstanding as of Feb. 25. Shares fell 2.8% to $12.17 after hours.

Apollo Residential Mortgage Inc. (AMTG) is launching an offering of 6.8 million shares, with a plan to use the proceeds to acquire residential mortgage-backed securities and other assets. The real-estate investment trust recently had around 24.2 million shares outstanding. Shares fell 2.2% to $22.19 in after-hours trading.

NXP Semiconductors N.V. (NXPI) said some of its principal shareholders, including affiliates of AlpInvest Partners B.V., Apax Partners LLP, Bain Capital Partners LLC and Silver Lake Technology Management L.L.C., have launched an offering of 25 million shares. NXP, which had around 251.8 million shares outstanding as of Feb. 28, won't receive any proceeds from the sale. Shares fell 1.7% to $31.50 after hours.

Pharmacyclics Inc. (PCYC) has launched an offering of 2.2 million shares, representing around 3.1% of the company's outstanding shares. The biopharmaceutical company intends to use the proceeds for the commercialization of its cancer treatment Ibrutinib, to advance its clinical pipeline and for other general purposes. Shares were off 70 cents after hours at $93.50.

Cable operator Charter Communications Inc. (CHTR) said that funds affiliated with Apollo Capital Management L.P. plan to sell 6.2 million of their roughly 24 million shares, and funds affiliated with Oaktree Opportunities Investments L.P. have agreed to sell 3.1 million shares of around 12.1 million shares. Charter, which recently had around 101.2 million shares outstanding, won't receive any proceeds from the offering. Shares fell 15 cents to $89.65 after hours.

TherapeuticsMD Inc. (TXMD) plans to offer $50 million of its shares, subject to market conditions. The company, which makes prenatal vitamins and cosmetics, recently had a market capitalization of roughly $357 million. Shares closed Thursday at $3.40 and were unchanged after hours.

Ventas Inc. (VTR) said it may sell as much as $750 million of its shares as it raises funds for general purposes including acquisitions and paying down debt. The health-care-focused real-estate investment trust may make some sales directly through the New York Stock Exchange, through a market maker or electronic network, or through privately negotiated transactions. The company recently had a market capitalization of around $20.7 billion. Shares were off 1.6% at $69.73 after hours.

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