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Rexford Industrial prices IPO at $14 midpoint

Posted
7/18/2013 6:20:00 PM
By: Renaissance Capital
Referenced Stocks:REXR

Rexford Industrial Realty, a rEIT focused on owning and operating industrial properties in Southern California, raised $224 million by offering 16 million shares at $14, the midpoint of the range of $13 to $15. Rexford Industrial Realty plans to list on the NYSE under the symbol REXR. Rexford Industrial Realty initially filed confidentially on 3/7/2013. BofA Merrill Lynch, Wells Fargo Securities, FBR Capital Markets and J.P. Morgan acted as lead managers on the deal.