Phillips Edison & Company Inc, a, has filed Form S-11 Registration Statement on May 6, 2021 with the U.S. Securities and Exchange Commission to raise up to $100 million IPO. Pricing terms are yet to announce.
The company owned equity interests in 300 shopping centers as of March 31, 2021, including 278 wholly-owned properties which contributed more than 98% of our ABR, and 22 shopping center properties owned through two unconsolidated third-party institutional joint ventures.
The Cincinnati, Ohio-based company was founded in 1991 and booked $497 million in revenue for the 12 months ended March 31, 2021. It has not selected an exchange yet but plans to list under the symbol “PECO.” Morgan Stanley, BofA Securities, and J.P. Morgan are underwriters of the IPO.
The company engages Latham & Watkins LLP as US Securities Counsel, and Deloitte & Touche LLP as Independent Auditor.
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