Trade Street Residential prices IPO at $10, below the range

By Renaissance Capital,

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Trade Street Residential, a self-managed REIT focused on apartment communities primarily in the southeastern US, raised $63 million by offering 6.3 million shares at $10, below the range of $11 to $13. Trade Street Residential plans to list on the NASDAQ under the symbol TSRE. Sandler O'Neill was the sole bookrunner 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: TSRE

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