Landmark Infrastructure (LMRK) IPO Opens at $18.75/Unit

The IPO for Landmark Infrastructure Partners LP (Nasdaq: LMRK) opened for trading at $18.75, after the company priced 2.65 million common units at $19 apiece.

The underwriters have a 30-day option to purchase from the Partnership up to 397,500 additional Common Units at the $19.00 per Common Unit price.

At the closing of the offering, the public will own a 33.8% limited partner interest in the Partnership, or an approximately 38.9% limited partner interest in the Partnership if the underwriters exercise their option to purchase additional Common Units in full.

The Partnership is a growth-oriented master limited partnership formed to acquire, own and manage a portfolio of real property interests that the Partnership leases to companies in the wireless communication, outdoor advertising and renewable power generation industries. Headquartered in El Segundo, California, the Partnership's real property interests consist of a diversified portfolio of long-term and perpetual easements, tenant lease assignments and fee simple properties located in 42 states and the District of Columbia, entitling the Partnership to rental payments from leases on approximately 700 tenant sites as of October 13, 2014.

Robert W. Baird & Co. Incorporated, Raymond James & Associates, Inc. and RBC Capital Markets, LLC are serving as joint book-running managers for the initial public offering, and Janney Montgomery Scott LLC is serving as co-manager for the initial public offering.

You May Also Be Interested In

• SpaceX: New Street Research sees 22% upside from proposed IPO price
• Nakamoto reduces debt by $45 million, authorizes $25 million share buyback
• GOWell Technology and Inflection Point file amended merger documents