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

|About: RCS Capital Corporation (RCAP)|By:, SA News Editor

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).