American Capital Agency (NASDAQ:AGNC) has unveiled the pricing of its latest stock flotation. The company, which is to issue 50 million shares of common stock in a public offering, said it anticipated $1.58 billion in proceeds before expenses from the issue. That would equate to a price of roughly $31.60 per share.

Additionally, the firm said that it had granted the underwriters of the issue a 30-day option to buy up to an additional 7.5 million shares. This offering is expected to close on March 5.

(NYSE:JPM)

(NYSE:JPM)

Fool contributor Eric Volkman has no position in any stocks mentioned. The Motley Fool recommends Goldman Sachs. The Motley Fool owns shares of Bank of America and JPMorgan Chase & Co.. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.