Aureus Greenway Holdings, which owns and operates two public golf country clubs in Florida, raised $15 million by offering 3.8 million shares (20% secondary) at $4, the low end of the range of $4 to $6.
Aureus Greenway owns and operates two public golf country clubs in Florida, both of which the company acquired in 2014. Each club consists of over 289 acres of multi-service recreational property featuring over 13,000 yards of combined fairways, clubhouses serving food and beverage options, aquatic golf ranges, and pro shops. The property underlying both of its golf country clubs and the owner of those properties are part of and subject to the Association, a not-for-profit corporation homeowners association.
Aureus Greenway Holdings plans to list on the Nasdaq under the symbol AGH. Dominari Securities and Revere Securities acted as joint bookrunners on the deal.
