Radian has priced its public offering of 50 million shares of its common stock at $11 per share. The offering is expected to close on May 11. The underwriters have an option to purchase an additional 7.5 million shares. Proceeds will be used to fund working capital requirements and for general corporate purposes. On May 5, Radian closed at $11.31 per share. The next morning it opened at $10.94 and by late morning it was down further to $10.77 per share, although its low point on the day so far is $10.66.
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