NEW YORK CITY-American Realty Capital Properties, Inc.’s IPO has been declared effective by the US Securities and Exchange Commission. The company is offering a minimum of 5.4 million shares and a maximum of 8.8 million shares. The purchase price is $12.50 per share, according to a news release announcing the declaration.
The shares, listed on the NASDAQ Capital Market, will be on offer no later than September 6, 2011 through ARCP’s dealer managers, Realty Capital Securities, LLC and Ladenburg Thalmann & Co. Inc.
ARCP executives, currently in a quiet period and on a road show for the IPO, were not able to comment to GlobeSt.com.
Based in Maryland, ARCP focuses on the acquisition of single tenant, freestanding properties. A successful IPO, given the terms of the offering, could bring in $110 million for the company.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
