SAN DIEGO-Leap Wireless International Inc. made a public offering of 2.8 million shares of common stock to the public for $33.50 per share.
Credit Suisse First Boston was the underwriter for the offering and has a 30-day option to purchase up to 200,000 additional shares to cover overallotments.
Leap said it will use proceeds from the offering to supplement funds for acquisitions, spectrum purchases and general corporate purposes.
Leap’s stock was trading at around $34 per share early Thursday, well off its 52-week high of $81.88 per share.
