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

By: Renaissance Capital
Posted: 8/1/2013 8:49:00 AM
Referenced Stocks: AMH

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.