Four Springs Capital Trust IPO: How much will this REIT stock cost you?

3 min read | January 11, 2022 09:12 PM AEDT | By Raza Naqvi

Four Springs Capital Trust IPO: How much will this REIT stock cost you? — Image source: © Maxxyustas | Megapixl.com

Four Springs Capital Trust IPO: Key Details

Four Springs is looking to sell its common shares between a price range of US$ 13 to US$ 15 per share. In addition, it will give an option of buying 2.7 million additional shares to the underwriters within 30 days.

The REIT has filed Form S-11 with the Securities and Exchange Commission (SEC) to begin the IPO proceedings.

Four Springs Capital Trust Stock ©2022 Kalkine Media®

Four Springs Capital Trust aims to trade its shares on the New York Stock Exchange (NYSE) and under the stock symbol FSPR.

The IPO will be subjected to the final approval from the SEC, and it is uncertain if the REIT will offer pre-IPO stock to retail investors.

If Four Springs offers its pre-IPO stock, it could cost the retail investors between the price range declared in the documents filed by the company.

Also Read: How to buy Our Next Energy (ONE) stock?

The joint bookrunners for Four Springs Capital Trust IPO are Wells Fargo Securities, Morgan Stanley, and Goldman Sachs & Co. LLC.

Bottom line

Spread across the United States, Four Springs Capital Trust has a solid presence in the country. It is involved in buying and managing industrial, retail, office, and single-tenant properties.

As of December 15, 2021, FSPR had a presence in 32 states in the US, and it owns 156 properties. Notably, 99.9 per cent of these properties were leased to various tenants.

The IPO move comes more than four years after Four Springs Capital Trust had decided to go public, however, it had later dropped the public debut plan.

Also Read: How to buy Fanatics stock as it 'acquires' Topps for $500M?

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.