American Healthcare REIT Inc. sold shares in an initial public offering at the bottom of a marketed range to raise $672 million, adding to a run of modest performances as more companies move ahead with new listings. The Irvine, California-based senior housing and assisted living property sold 56 million shares for $12 each on Tuesday after marketing them for $12 and $15, according to a statement confirming an earlier report by Bloomberg News. At that price, the real estate investment trust has a market value of about $1.5 billion based on the outstanding shares listed in its filings with the US Securities and Exchange Commission.
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Source: https://www.bloomberg.com/news/articles/2024-02-06/american-healthcare-reit-prices-ipo-at-bottom-of-range