Landmark Infrastructure Partners (LMRK) Closes 2.65M Common IPO at $19/Unit

Landmark Infrastructure Partners LP (Nasdaq: LMRK) announced the closing of its initial public offering of 2,650,000 common units representing limited partner interests in the Partnership at $19 per Common Unit. 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. The Common Units began trading on the NASDAQ Global Market on November 14, 2014 under the ticker symbol "LMRK."

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. The offering of these securities is being made only by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

You May Also Be Interested In

• INNIO prices upsized IPO at $27 per share on nasdaq
• Apotex launches $1 billion IPO
• Z Squared enters $50 million equity deal for AI infrastructure expansion