WisdomTree slips after unveiling $525 mln convertible offering for M&A

Wisdomtree

23/03/2026 20:39

** Asset manager WisdomTree WT.N shares down 2.2% post-market at $13.20 after acquisition-related raise news

** New York-based WT announces private offering of $525 mln convertible bonds (CBs) due 2031

** It intends to use about $200 mln of net offering proceeds to pay for previously announced acquisition of Atlantic House Holdings, a London-based, specialized derivative-focused investment manager

** Co also plans to use a portion of proceeds to pay cash consideration to exchange its 3.25% CBs due 2029, and any remainder for other general purposes including repayment of debt and other outstanding CBs

** WT shares closed up 1.9% at $13.49, giving co $1.9 bln market cap

** Stock up nearly 11% YTD and 55% over the past 12 months at close

** 5 of 7 analysts rate the stock "strong buy" or "buy", 2 "hold"; median PT $20, per LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))