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City Office REIT prices IPO at $12.50, below the range

4/15/2014 7:03:00 AM
By: Renaissance Capital
Referenced Stocks:CIO

City Office REIT, a REIT formed to acquire and operate office properties in the US, raised $73 million by offering 5.8 million shares at $12.50, below the range of $14.00 to $16.00. City Office REIT plans to list on the NYSE under the symbol CIO. City Office REIT initially filed confidentially on 12/6/2013. Janney Montgomery Scott, Wunderlich Securities and Oppenheimer & Co. acted as lead managers on the deal.