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RCS Capital (RCAP) prices its 2.5M share IPO at $20, the midpoint of the expected $19-$21 range,...

RCS Capital (RCAP) prices its 2.5M share IPO at $20, the midpoint of the expected $19-$21 range, giving it a market cap of $535M. RCAP performs sale and management services for American Realty Capital - which markets non-traded REITs, and is itself an affiliate of American Realty Capital Properties (ARCP).
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