Clipper Realty (CLPR) Files $100M IPO

October 7, 2016 12:41 PM EDT
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Clipper Realty Inc. (NYSE: CLPR) filed a registration with the U.S. SEC for an initial public offering of its common stock. The proposed maximum offering amount is $100 million. The company plans to list on the NYSE under the ticker, CLPR.

The offering is being made through FBR.

Clipper Realty is a self-administered and self-managed real estate company that acquires, owns, manages, operates and repositions multi-family residential and commercial properties in the New York metropolitan area, with an initial portfolio in Manhattan and Brooklyn.

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