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Select Income REIT sets IPO terms, looks to raise $176 million

Select Income REIT, a real estate investment trust with 228 leased properties in Oahu, Hawaii and 23 more in the mainland US, announced terms for its IPO on Monday. The Newton, MA-based company plans to raise $176 million by offering 8 million shares at a price range of $21.00 to $23.00. At the midpoint of the proposed range, Select Income REIT would command a market value of $660 million. Select Income REIT plans to list on the NYSE under the symbol SIR. Morgan Stanley, BofA Merrill Lynch and Wells Fargo are the lead underwriters 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.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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