Plymouth Industrial REIT, a REIT owning interests in 20 industrial buildings in the Midwest and Eastern US, raised $55 million by offering 2.9 million shares at $19, the low end of the $19 to $21 range. The company originally planned to offer 3.75 million shares. The downsized deal raised 30% less than it originally filed for. Plymouth Industrial REIT plans to list on the NYSE MKT under the symbol PLYM. D.A. Davidson, BB&T Capital Markets and Oppenheimer & Co. acted as lead managers on the deal.
