Capital One Warrants Bring in $146.5 Million

Yesterday the Treasury auctioned off its TARP warrants in Capital One. Treasury sold the warrants for $11.75 a piece, well above its $7.50 reserve price, but below some private estimates of $19.00 or more. I wouldn’t have gone as high as $19.00 myself, but I would have ended up a winner in the auction if I had found a broker with access. Oh well, maybe I can pick some up when they start trading on the NYSE (ticker COF WS) in the next week or two.

Disclosure: I have no position in any Capital One securities.

2 thoughts on “Capital One Warrants Bring in $146.5 Million”

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