Campus Crest Communities, a self-managed REIT focused on high-quality student housing properties, raised $354 million by offering 28.3 million shares at $12.50, roughly 7% below the midpoint of its $12.50 to $14.50 range. Campus Crest Communities will list on...read more
Piedmont Office Realty Trust, a REIT that owns 73 office buildings in major US cities, will see its quiet period end on Sunday, March 21st. On February 9th, the company raised $174 million by offering 12 million shares at $14.50, below the range of $16-$18. ...read more
Sensing vulnerability among companies needing to raise cash in the public market, IPO market vigilantes began pushing back on new issue valuations in late 2009, with the pressure increasing sharply in 2010. An unusually-high 69% of ...read more
Of the five public offerings that were successfully launched this week, all priced below the midpoints of their respective ranges. Additionally, two companies slated to begin trading this week, Chinese solar company JinkoSolar Holding (JKS) and workers'...read more
Campus Crest Communities prices IPO at $12.50, the low end of the range
Campus Crest Communities, a self-managed REIT focused on high-quality student housing properties, raised $354 million by offering 28.3 million shares at $12.50, roughly 7% below the midpoint of its $12.50 to $14.50 range. Campus Crest Communities will list on...read more
Piedmont quiet period ends March 21
Piedmont Office Realty Trust, a REIT that owns 73 office buildings in major US cities, will see its quiet period end on Sunday, March 21st. On February 9th, the company raised $174 million by offering 12 million shares at $14.50, below the range of $16-$18. ...read more
SPECIAL REPORT: IPO Market Vigilantes Push Back On New Issue Valuations
Sensing vulnerability among companies needing to raise cash in the public market, IPO market vigilantes began pushing back on new issue valuations in late 2009, with the pressure increasing sharply in 2010. An unusually-high 69% of ...read more
Buyers' IPO Market: five companies cut deal size, complete IPOs this week
Of the five public offerings that were successfully launched this week, all priced below the midpoints of their respective ranges. Additionally, two companies slated to begin trading this week, Chinese solar company JinkoSolar Holding (JKS) and workers'...read more