FrontView REIT, Inc. Announces Closing of Initial Public Offering
FrontView REIT, Inc. (FVR)
Company Research
Source: PR Newswire
DALLAS, Oct. 3, 2024 /PRNewswire/ -- FrontView REIT, Inc. (the "Company" or "FrontView") (NYSE: FVR) today announced the closing of its underwritten initial public offering of 13,200,000 shares of its common stock at a public offering price of $19.00 per share. The net proceeds from the offering were approximately $231.9 million, after deducting underwriting discounts and commissions and estimated expenses payable by the Company. The Company intends to use the net proceeds from the offering to repay borrowings outstanding under its revolving credit facility and term loan credit facility. Following such uses, the Company expects to use any remaining net proceeds for general business and working capital purposes, including potential future acquisitions.The Company's common stock began trading on the New York Stock Exchange on October 2, 2024, under the ticker symbol "FVR".Morgan Stanley, J.P. Morgan, Wells Fargo Securities and BofA Securities acted as joint book-running managers for the
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FVR
Sec Filings
- 10/17/24 - Form 4
- 10/11/24 - Form 4
- 10/11/24 - Form 3
- FVR's page on the SEC website