Alexandria Real Estate (ARE) to Offer 5M Shares

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Go back to Alexandria Real Estate (ARE) to Offer 5M Shares

Alexandria Real Estate Equities, Inc. Announces Public Offering Of 5,000,000 Shares Of Common Stock

January 5, 2021 4:05 PM EST

PASADENA, Calif., Jan. 5, 2021 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. ("Alexandria" or the "Company") (NYSE: ARE) today announced that it is commencing an underwritten public offering of 5,000,000 shares of the Company's common stock, subject to market conditions, in connection with the forward sale agreements described below. The Company expects to grant the underwriters a 30-day option to purchase up to 750,000 additional shares.

J.P. Morgan, BofA Securities, Citigroup, Goldman Sachs & Co. LLC and RBC Capital Markets are acting as joint book-running managers for the offering.

The Company... More