Wells Fargo & Co. said it will offer $10 billion of common stock to the public.

As recently as a week ago, Wells Fargo said it would raise up to $20 billion, primarily through the sale of common stock, for its purchase of Wachovia Corp.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.