Deal Details
Initial Public Offering
Summary
Baird served as the lead book-running manager on this offering
About
Farmland Partners, Inc. (“Farmland Partners” or the “Company”) (NYSE MKT: FPI) recently completed an initial public offering of 3,800,000 shares of common stock at a price of $14.00 per share, generating gross proceeds of $53.2 million. Farmland Partners intends to use the net proceeds from the offering to make new farmland acquisitions, repay outstanding debt and for general corporate purposes.Farmland Partners is an internally managed real estate company that owns and seeks to acquire high-quality institutional grade primary row crop farmland located in agricultural markets throughout North America. Farmland Partners is one of the first public companies focused on owning and acquiring farmland in the United States and the only public real estate company focused on primary row crop farmland. The substantial majority of the farms in Farmland Partner’s initial portfolio are devoted to primary row crops, such as corn and soybeans. Farmland Partners is headquartered in Westminster, Colorado.
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- Date
- April 2014
- Company
- Farmland Partners, Inc.
- Transaction
- M&A
- Sectors
- Real Estate
- Target Geography
- North America
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