Four Springs Capital Trust, a commercial REIT with 48 properties across 21 states, postponed its IPO on Thursday. It had filed to raise $101 million by offering 5.6 million shares at a price range of $17 to $19.
The Lake Como, NJ-based company was founded in 2012 and booked $16 million in revenue for the 12 months ended March 31, 2017. It had planned to list on the NYSE under the symbol FSPR. RBC Capital Markets and SunTrust Robinson Humphrey were set to be the joint bookrunners on the deal.
