Smith & Wesson Holding Corp. of Springfield said today it priced a public offering of 6.25 million common shares.
The underwriters are Deutsche Bank Securities and Cowen and Company.
The offering is expected to close on Friday. A shelf offering filed with the Securities and Exchange Commission was declared effective on Sept. 15, 2006.
Shares of Smith & Wesson fell 49 cents, or 7.9 percent, to $5.68 in premarket electronic trading. The stock closed at $6.17 yesterday on the Nasdaq Stock Market . (AP)