BGC Partners files for $300M common share offering

BGC Partners Inc. has entered into an agreement with Cantor Fitzgerald & Co. for the sale of up to $300 million of BGC Partners' class A common shares from time to time.

Sales of the shares may be made by any method considered as an "at the market offering" as defined under the Securities Act of 1933, including sales made on or through the Nasdaq Stock Market or any other trading market for class A common stock, according to a filing.

The company intends to use the proceeds from the sale of the shares for general corporate purposes, including expanding its operations and repaying debt.

The registered securities include $89.2 million of unsold securities that were registered in 2018. The new securities have an aggregate initial offering price of $210.8 million.