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Jernigan Capital prices IPO at $20 midpoint

March 27, 2015
JCAP

Jernigan Capital, a recently formed REIT focused on lending to self-storage facilities, raised $100 million by offering 5 million shares at $20, the midpoint of the $19-$21 range. Jernigan Capital plans to list on the NYSE under the symbol JCAP. Raymond James acted as a lead manager on the deal.