NETSTREIT (NTST) IPO Opens Flat at $18

Today's IPO for NETSTREIT Corp. (NYSE: NTST) opened for trading at $18 after pricing 12,500,000 shares of its common stock at $18.00 per share.

12,244,732 shares are being offered by the Company and 255,268 shares are being offered by certain selling stockholders. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 1,875,000 shares of common stock from the Company at the initial public offering price, less underwriting discounts and commissions.

Wells Fargo Securities, BofA Securities, Citigroup, Stifel, and Jefferies are acting as the book-running managers for the offering.

NETSTREIT is an internally-managed real estate investment trust that acquires, owns and manages a diversified portfolio of single-tenant, retail commercial real estate subject to long-term net leases with high credit quality tenants across the United States,

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