IPO Pricings – Foundation Building Materials, Clipper Realty on deck (2.9.17)

Clipper Realty (NYSE: CLPR) — The FBR led deal priced a down-sized 5.7mm shares at the low-end of the range, $13.00. The initial filing was for 7.1mm shares between 13.50-$15.50.

Foundation Building Materials (NYSE: FBM) — According to the lead left underwriter, $FBM priced a 12.8mm shares at $14.00. The week’s largest offering was looking for roughly $230mm if they would have priced its offering at the midpoint of the initial $17.00-$19.00 range.

Sachem Capital (NYSE: SACH) — The Joseph Gunnar led deal priced 2.6mm shares at $5.00. The initial filing was for 3mm shares at $5.00-$5.00.

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