IPO NEWS : Ashford Prime prices public offering of common stock
03/03/2017 10:14
Ashford Hospitality Prime, Inc. announced that it has priced its underwritten public offering of 5,750,000 shares of the Company's common stock at a price to the public of USD 12.15 per share. Settlement of the offering is expected to occur on or about March 7, 2017. The underwriters have been granted an option to purchase an additional 862,500 shares as part of this offering. Ashford Prime intends to use the net proceeds of this Common Stock offering, along with the net proceeds of the Company's previously announced public offering of 5.50 per cent Series B Cumulative Convertible Preferred Stock, for general corporate purposes, including to fund future acquisitions, which may include the Company's recently announced potential acquisitions, if such acquisitions are consummated. UBS Investment Bank and Morgan Stanley acted as joint book-running managers for the offering. Baird acted as lead manager and Canaccord Genuity, Credit Agricole CIB, FBR, Janney Montgomery Scott and JMP Securities acted as co-managers for the offering.
03/03/2017 10:14
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
