Single-family REIT American Homes 4 Rent sets terms for $750 million IPO

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American Homes 4 Rent, a REIT that acquires, renovates and leases residential homes in the US, announced terms for its IPO on Friday. The Mailbu, CA-based company plans to raise $750 million by offering 44.1 million shares at a price range of $16 to $18. At the midpoint of the proposed range, American Homes 4 Rent would command a fully diluted market value of $3.9 billion. American Homes 4 Rent, which was founded in 2011 and booked $11 million in sales for the 12 months ended March 31, 2013, plans to list on the NYSE under the symbol AMH. American Homes 4 Rent initially filed confidentially on April 29, 2013. Goldman Sachs, BofA Merrill Lynch, J.P. Morgan, Wells Fargo Securities and FBR Capital Markets are the joint bookrunners on the deal.




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This article appears in: News Headlines , IPOs

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