Landmark Infrastructure prices downsized IPO at $19, low end of the range

Landmark Infrastructure Partners LP, an MLP that owns property interests that underlie cell towers and billboards, raised $50 million by offering 2.7 million shares at $19, at the low end of the $19-$21 range. The company had initially planned to offer 3.0 million shares. At the $19 share price, the Landmark commands a $149 million market cap and a $227 million enterprise value. 

Landmark Infrastructure Partners LP will list on the NASDAQ under the symbol LMRK. Baird, Raymond James and RBC Capital Markets acted as lead managers on the deal.