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Reuters ahead with Well Fargo pricing of $7.5 bln share sale

Reuters ahead with Well Fargo pricing of $7.5 bln share sale

Reuters worked its capital markets sources to break the news on May 8 about Wells Fargo pricing its massive share sale at $22 per share in a bigger-than-planned $7.5 billion stock issue. Reuters beat Dow Jones by 2 minutes and Bloomberg by 11 minutes. The pricing and size of the issue was a huge focus for investors and the ease with which Wells sold the shares helped to drive its shares up more than 14 percent on May 8.

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