Friday
October
31
2014
12:15 pm
Weather
  Search Again
  Home
  Local News
  State / National / World
  Sports
  Opinion / Letters
  Business
  Arts / Entertainment
  Lifestyle
  Obituaries
  Calendar
  Submit Event
  Comics / Games
  DJ Designers
  Archives
  Advertise With Us
  About Us
 

Check out our archive of Dining Guides - Yum!

American Homes 4 Rent shares drop after IPO
August 02, 2013, 05:00 AM The Associated Press
NEW YORK — Shares of American Homes 4 Rent dropped Thursday after the real estate company’s IPO raised $705.9 million.

The company sold 44.1 million shares for $16 each. Its IPO priced at the low end of the expected range of $16 to $18.

Its shares trade on the New York Stock Exchange under the ticker symbol “AMH.” They dropped 40 cents, or 2.5 percent, to $15.60 Thursday.

American Homes 4 Rent acquires, renovates and leases residential homes. The real estate investment trust is based in Agoura Hills.

It expects $743.9 million in proceeds from the offerings after expenses.

The banks managing the IPO could buy an additional 6.6 million shares if there’s demand. The company is also selling another $75 million in shares through private placements.


Print this Page Print this Page |  Bookmark and Share
<< Back
 
  


 
You are in the Archives

Exit
  RSS feed RSS
Daily Journal Quick Poll
 
Now that the Giants have won three World Series titles in five years, would you say they are a dynasty?

Absolutely, yes
I would think so
Maybe one more would make them a dynasty
I don't like the word dynasty
Madison Bumgarner is a dynasty!
 
 
 

 
 
  
 
  
 
 
 
 
©2014 Daily Journal - San Mateo County’s homepage