Chicago Atlantic Real Estate Finance, Inc.

Chicago Atlantic Real Estate Finance, Inc. (REFI) priced its initial public offering on Dec 9, 2021 at $16.00 per share, raising $100M, and listed on Nasdaq Global Market. At the IPO price its market capitalization was about $279.3M. Eversheds Sutherland (US) advised the company and Cozen O’Connor and Venable advised the underwriters.

Chicago Atlantic Real Estate Finance, Inc. is a newly formed commercial real estate finance company that originates and invests in first mortgage loans and structured financings. Its portfolio consists mainly of senior loans to state-licensed cannabis operators, secured by real estate, equipment and receivables.

Status

IPO

Ticker

REFI

Exchange

Nasdaq Global Market

Priced

Dec 9, 2021

IPO price

$16.00

Raised

$100M

Market cap at IPO price

$279.3M

First filed

Oct 26, 2021

Company counsel

Eversheds Sutherland (US)

Underwriters' counsel

Cozen O’Connor and Venable

Sector

Real estate & finance

Country / state

IL

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.