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CLPR News

US IPO Weekly Recap: 3 IPOs price, 6 file

MSR

Three IPOs priced this week. The two REITs and a housing play all either offered fewer shares or priced below the range. Clipper Realty (CLPR), Sachem Capital (SACH) and Foundation Building Materials (FBM) all had neutral or positive returns after their disappointing pricings. Mauser Group (MSR) was set to...read more

Snipped! Clipper Realty prices IPO at $13.50, the low end of the range

CLPR

Clipper Realty, a REIT focused on multi-family and commercial properties in NYC, raised $77 million by offering 5.7 million shares at $13.50, the low end of the range of $13.50 to $15.50. Clipper Realty plans to list on the NYSE under the symbol CLPR. FBR Capital Markets and Raymond James acted as lead managers on the deal....read more

US IPO Week Ahead: 2 capital goods LBOs build up February market

MSR

Three $100+ million deals are lined up for this next week. Global packaging company Mauser Group and building products distributor Foundation Building Materials are headlining the week. NYC REIT Clipper Realty and micro-cap mortgage REIT Sachem Capital are also scheduled to price. Flu vaccine developer...read more

New York City REIT Clipper Realty sets terms for $103 million IPO

CLPR

Clipper Realty, a REIT focused on multi-family and commercial properties in New York City, announced terms for its IPO on Tuesday. The New York, NY-based company plans to raise $103 million by offering 7.1 million shares (2% insider) at a price range of $13.50 to $15.50. At the midpoint of the proposed range, Clipper Realty would command a fully diluted market value of $656...read more