Wednesday
July
30
2014
4:07 am
Weather

  Home
  Local News
  State / National / World
  Sports
  Opinion / Letters
  Business
  Arts / Entertainment
  Lifestyle
  Obituaries
  Calendar
  Submit Event
  Comics / Games
  Classifieds
  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.

 

 

Tags: million, shares, homes,


Other stories from today:

 

 
Print this Page Print this Page  |  Bookmark and Share
<< Back
 
Return To Archives
 
  


 
 
 
Daily Journal Quick Poll
 
Do you think Social Security will be solvent when you retire?

Yes, I'm already retired
Yes, I'm not there yet but it will be
No, the baby boomers will exhaust it
Not without major changes
It better be
Too heady to think about

 

 
 
 
 
 
 
Report: Health premiums rose significantly in 2014
SACRAMENTO — California’s insurance commissioner released a report Tuesday showing the cost of h..
Fogging for West Nile in San Mateo Wednesday
San Mateo County mosquito officials will once again fog in San Mateo Wednesday night after more mosq..
Twenty evacuated because of gas leak in San Mateo
About 20 people were evacuated in San Mateo this morning as crews sealed a small gas line break, a P..
Lawmakers try to seal $225M aid package for Israel
WASHINGTON — Democratic and Republican members of Congress scrambled Tuesday to seal a $225 millio..
Israel hits symbols of Hamas rule; scores killed
GAZA CITY, Gaza Strip — Israel on Tuesday unleashed its heaviest bombardment in a 3-week-old war a..
More >>  
 
 
  
 
  
 
©2014 San Mateo Daily Journal
San Mateo County employment ads