AFCO News

Pricing pressure continued this week as only one company was able to price in or above its range. Five IPOs raised $1.2 billion this week, including one of the most highly-anticipated IPOs of 2015. However, it was a global print packaging manufacturer that had the best IPO. Two biotechs and a REIT specializing in farmland went public this week as well. One...read more

American Farmland Company, a internally managed REIT with farmland in California, Illinois and Florida, raised $48 million by offering 6 million shares at $8, as expected. It originally planned to sell 12 million shares at $8.50-$10.50. American Farmland Company plans to list on the NYSE under the symbol AFCO. Deutsche Bank, Citi, Raymond James, RBC Capital Markets and FBR Capital...read more

American Farmland Company, an internally managed REIT with farmland in California, Illinois and Florida, lowered the proposed deal size for its upcoming IPO on Monday. The New York, NY-based company now plans to raise $48 million by offering 6 million shares at a price of $8. The company had previously filed to offer 12 million shares at a range of $8.50 to $10.50. At the...read more

A still fragile US IPO market will look to continue to find its footing this week. Companies have experienced significant pricing pressure in the last few weeks, with 11 out of the last 13 IPOs pricing below the range. Next week, a highly-anticipated premier luxury brand, a specialty packaging company, and two biotechs plan to go public. Three other companies are...read more