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South Florida

Equity One to issue 3.83 million shares

Equity One is hoping to raise up to $102.5 million in a stock offering.

The North Miami Beach-based shopping center investor will issue 3.83 million shares for $23.30 each on Monday, according to the South Florida Business Journal.

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And Citigroup, the underwriter of the offering, may purchase another 573,750 shares over the next month.

Shares of Equity One fell 53 cents, or 2.3 percent, on Wednesday to $23, according to the Business Journal. The 52-week high was $24.99 on Nov. 4, 2013.

And Gazit First Generation — the company’s largest shareholder — has agreed to buy 675,000 shares in the offering. [South Florida Business Journal] – Christopher Cameron

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Equity OneStock Market