Nordic anticipates pricing IPO of 5 million common shares at $15.00

Bookrunner Wunderlich Securities helps fund real estate acquisitions

By Devika Patel

Knoxville, Tenn., Jan. 13 – Nordic Realty Trust, Inc. will sell 5 million common shares in its initial public offering with a 30-day greenshoe of 750,000 additional shares, according to a Form S-1/A filed Friday with the Securities and Exchange Commission. The company has registered up to $64.4 million of stock for the deal, which was announced on Oct. 7, and Nordic also reported that it plans a $3 million private placement of shares at the same price per share.

The shares will be sold at an expected price of $15.00 per share.

Wunderlich Securities is the bookrunner. Compass Point, Janney Montgomery Scott LLC, JMP Securities and Nomura are the co-lead managers, and Ladenburg Thalmann, National Securities Corp. and Boenning & Scattergood, Inc. are the co-managers.

Proceeds will be used for future real estate acquisitions.

The New York company acquires and redevelops office and industrial properties in Scandinavia. The company intends to list its common stock on the Nasdaq stock exchange under the symbol “NORT.”

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