Tax-Exempt Bond Investor Red Stone Partners LP (RTEP) Files $115M IPO
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Red Stone Tax Exempt Partners LP (Nasdaq: RTEP) filed a registration with the U.S. Securities and Exchange Commission for an Initial Public Offering of its Common Stock. The proposed maximum offering price is $115 million. The company plans to list on the Nasdaq Global Market under the ticker "RTEP."
The offering is being made through Deutsche Bank Securities.
Red Stone is a newly-organized limited partnership formed to invest in, finance and manage a portfolio of U.S. federally tax-exempt mortgage revenue bonds that are issued by state and local housing authorities to provide debt capital for affordable multifamily housing properties throughout the United States.
The offering is being made through Deutsche Bank Securities.
Red Stone is a newly-organized limited partnership formed to invest in, finance and manage a portfolio of U.S. federally tax-exempt mortgage revenue bonds that are issued by state and local housing authorities to provide debt capital for affordable multifamily housing properties throughout the United States.
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