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TPG RE Finance Trust prices IPO at $20, the low end of the range

July 20, 2017
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TPG RE Finance Trust, a TPG-managed mortgage REIT focused on commercial real estate debt, raised $220 million by offering 11 million shares at $20, the low end of the range of $20 to $21. TPG RE Finance Trust plans to list on the NYSE under the symbol TRTX. BofA Merrill Lynch, Citi, Goldman Sachs, Wells Fargo Securities, Deutsche Bank, J.P. Morgan, Morgan Stanley and Barclays acted as lead managers on the deal.