Entering text into the input field will update the search result below

American Farmland prices 6M-share IPO at $8

Oct. 19, 2015 7:50 PM ETFarmland Partners Inc. (FPI) StockBy: Jason Aycock, SA News Editor3 Comments
  • REIT American Farmland (AFCO) has priced its initial public offering at $8/share -- below an expected range of $8.50-$10.50, but that range was set when it expected to sell 12M shares.
  • The firm's selling 6M shares at that price and will begin trading tomorrow on the NYSE. Underwriters have a 30-day option to buy up to 900,000 more shares.
  • The company, which owns farmland in California, Illinois and Florida and is internally managed, will use proceeds to pay $25M in debt and for general purposes, including capex for existing farms.
  • Previously: Farmland REIT IPO on the way (Oct. 06 2015)

Recommended For You

About FPI Stock

SymbolLast Price% Chg
FFO (FWD)
PE
Div Rate (TTM)
Yield (TTM)
Market Cap
Volume
Compare to Peers

Related Stocks

SymbolLast Price% Chg
FPI--
Farmland Partners Inc.