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 (ARE) Prices 6M Share Upsized Offering at $164/Sh

January 6, 2021 6:08 AM EST

Alexandria Real Estate Equities, Inc. (NYSE: ARE) today announced the pricing of its upsized public offering of 6,000,000 shares of the Company's common stock at a price of $164.00 per share in connection with the forward sale agreements described below. The Company also granted the underwriters a 30-day option to purchase up to 900,000 additional shares. The offering is expected to close on or about January 8, 2021, subject to customary closing conditions.

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