Alpine Income Property Trust (PINE) Prices 7.5M Share IPO at $19/Sh

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Go back to Alpine Income Property Trust (PINE) Prices 7.5M Share IPO at $19/Sh

Alpine Income Property Trust, Inc. Prices Initial Public Offering

November 21, 2019 6:16 PM EST

DAYTONA BEACH, Fla., Nov. 21, 2019 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (the Company or PINE) announced today that it has priced its initial public offering of 7,500,000 shares of common stock at an initial public offering price of $19.00 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,125,000 shares of common stock at the initial public offering price, less underwriting discounts and commissions. Settlement of the offering is expected to occur on November 26, 2019, subject to customary closing conditions. The shares are expected to begin trading on the New York Stock Exchange under the symbol... More