American Healthcare REIT (AHR) Prices Stock in IPO at Bottom of Range

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 statementBloomberg Terminal 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.

ncG1vNJzZmivp6x7o7jOqKSbnaKce6S7zGilnq%2BjZK6zwMico56rX2d9c4CMaWlmaGZkrq6x0aKamqZdnbKiuNOhmpqqlWK%2FprXTZqeroZOawG61z6hkmqxdl7y1wM6mZKieXaeur7PE