American Homes 4 Rent prices IPO at $16, the low end of the range

By Renaissance Capital,

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American Homes 4 Rent, an internally managed single-family home rental REIT founded and led by Public Storage executives, raised $706 million by offering 44.1 million shares at $16, at the low end of the range of $16 to $18. American Homes 4 Rent plans to list on the NYSE under the symbol AMH. American Homes 4 Rent initially filed confidentially on 4/29/2013. Goldman Sachs, BofA Merrill Lynch, J.P. Morgan, Wells Fargo and FBR Capital Markets acted as lead managers on the deal.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines IPOs
Referenced Stocks: AMH

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