GMRE News

MedEquities Realty Trust, a recently-formed REIT focused on health care properties in Texas and California, raised $239 million by offering 19.9 million shares at $12, the low end of the range of $12 to $14. MedEquities Realty Trust plans to list on the NYSE under the symbol MRT. FBR Capital Markets, J.P. Morgan, Citi and KeyBanc Capital Markets acted as lead managers on the deal....read more

While markets got a rough start to the week on the heels of the UK Referendum vote, both US and global markets rebounded sharply during the remainder of the week. The S&P 500 closed the week at 2,103, just ten points shy of its close before the vote. VC-backed Twilio (TWLO) continued to trade well, now 127% above its IPO price. For the month of June, the...read more

Global Medical REIT, a health care REIT with a portfolio of 12 facilities, raised $130 million by offering 13 million shares at $10, the low end of the range of $10 to $12. Global Medical REIT plans to list on the NYSE under the symbol GMRE. Wunderlich Securities and Oppenheimer & Co. acted as lead managers on the deal....read more

In the last week before Independence Day weekend, there are a few small IPOs to cap off a second quarter that was much improved from the lackluster first quarter. Syros Pharmaceuticals looks to continue the trend of insider buying on biotechs. Tactile Systems and Gemphire Therapeutics plan to make a second effort on...read more