Update: CNBC’s David Faber is reporting Knight Capital Group has raised $400 million from a group of investors including Stifel Nicolaus, Blackstone, TD Ameritrade and General Atlantic.
Knight will be open for business Monday, Faber reports.
The deal came through a $1.50 per share convertible preferred offering.
KCG shares closed at $1.47 Friday.
CNBC’s Kate Kelly is reporting that Knight Capital Group, which on Wednesday saw its stock price plummet to single digits after a trading error, is close to raising $400 million from several outside investors.
Kelly writes that Chicago market maker Getco and the Omaha brokerage firm TD Ameritrade appear likely to be among the investor group.
By Monday evening, Knight must pay Goldman Sachs $440 million, the amount Goldman charged Knight to help unwound its erroneous trades.