STORE Capital (STOR) IPO Closes Up 5.4% in Debut

Today's IPO for STORE Capital (NYSE: STOR) closed up 5.4% to $19.50 Tuesday after pricing f 27,500,000 shares of its common stock at a price to the public of $18.50 per share.

Goldman, Sachs & Co., Credit Suisse and Morgan Stanley are acting as joint book-running managers for the offering. Citigroup, Deutsche Bank Securities, KeyBanc Capital Markets and Wells Fargo Securities are acting as joint lead managers for the offering, and Baird, BMO Capital Markets, Comerica Securities, Raymond James, Stifel and SunTrust Robinson Humphrey are acting as co-managers for the offering.

STORE Capital Corporation is an internally managed net-lease real estate investment trust, or REIT, that is a leader in the acquisition, investment and management of Single Tenant Operational Real Estate, which is its target market and the inspiration for its name. STORE Capital is one of the largest and fastest growing net-lease REITs and owns a large, well-diversified portfolio that consists of investments in 850 property locations, substantially all of which are profit centers, in 46 states as of September 30, 2014.

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