Deals
American Homes 4 Rent Falls 2.5% After $705.9 Million IPO
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American Homes 4 Rent, the real estate investment trust founded by self-storage billionaire B. Wayne Hughes, fell in its first day of trading after raising $705.9 million in an initial public offering.
The shares slipped 2.5 percent to $15.60 in New York trading today. The Agoura Hills, California-based company sold 44.1 million shares for $16 each, according to data compiled by Bloomberg, at the low end of the offering range of $16 to $18.