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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Wed., Mar. 29, 3:10 AM

Slide #2. Athene Holding Ltd. Secondary Offering

Company: Athene Holding Ltd. (NYSE:ATH)
Date announced: 3/27/2017
Shares Offered: 25,000,000
Secondary Offering Details: Bermuda-based Athene Holding Ltd. ("Athene") announced today the launch of an underwritten offering (the "Offering") of its Class A common shares. All of the 25,000,000 Class A common shares to be sold in the Offering are being sold by certain shareholders of Athene, and Athene will not receive any proceeds from the Offering. The underwriters may also exercise a 30-day option to purchase up to an additional 3,750,000 Class A common shares from certain of the Athene selling shareholders at the Offering price, less the underwriting discount.

Athene is an insurance holding company. Through its subsidiaries, Co. issues, reinsures and acquires retirement savings products designed for individuals and institutions seeking to fund retirement needs. Co. generates financial results for its policyholders and shareholders by: (1) sourcing long-term, generally illiquid liabilities and (2) investing in an investment portfolio, which takes advantage of the illiquid nature of Co.'s liabilities. Co. offers two product lines: annuities and funding agreements. Co.'s primary product line is annuities and includes fixed deferred and immediate annuities. Co. sells funding agreements to institutional investors and investors in its FABN program.
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Company Name:  Athene Holding Ltd
Sector:  Life & Health Insurance
Number of ETFs Holding ATH:  5
Total Market Value Held by ETFs:  $21.27M
Total Market Capitalization:  $3.94B
% of Market Cap. Held by ETFs:  0.54%

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March 29, 2017    3:10 AM Eastern
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Buy (2.75 out of 4)
31st percentile
(ranked lower than approx. 69% of all stocks covered)
Based on Zacks ABR data;
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