trending Market Intelligence /marketintelligence/en/news-insights/trending/5nNX8oZOKDEEp1sfQ9PFOA2 content esgSubNav
In This List

Preferred Apartment closes underwriters' additional-share option in offering

Blog

Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Preferred Apartment closes underwriters' additional-share option in offering

Preferred Apartment Communities Inc. sold 412,500 additional common shares in its public offering, bringing the total gross proceeds to roughly $48.2 million.

The company issued the additional shares pursuant to the underwriters' full exercise of their option to buy more shares. Overall, it sold 3,162,500 shares following the exercise of the underwriters' option.

Deutsche Bank Securities Inc. was the sole book-running manager, with JonesTrading Institutional Services LLC serving as joint lead manager.