REIT Raises $70 Million in IPO

American Realty Capital Properties, New York, sold almost 5.6 million shares of stock for proceeds of nearly $70 million in its initial public offering. The common stock began trading on the Nasdaq Capital Market as of 3 p.m. on Sept. 7. The offering priced at $12.50 per share.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_427/reit-raises-70mm-ipo-1026475-1.html?CMP=OTC-RSS

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