Generation Income Properties, Inc.

Generation Income Properties, Inc. (GIPR) priced its initial public offering on Sep 3, 2021 at $10.00 per share, within its $10.00–$12.00 range, raising $15M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $19.7M. Maxim Group was lead-left underwriter, joined by Joseph Gunnar. Foley & Lardner advised the company and Harter Secrest & Emery advised the underwriters.

Generation Income Properties, Inc. is an internally managed real estate investment company. It acquires and manages retail, office and industrial properties net leased to creditworthy tenants in major markets across the United States, and can buy properties from owners in exchange for operating partnership units.

Status

IPO

Ticker

GIPR

Exchange

Nasdaq Capital Market

Priced

Sep 3, 2021

IPO price

$10.00

Price range

$10.00–$12.00

Raised

$15M

Market cap at IPO price

$19.7M

First filed

Dec 26, 2019

Underwriters

Maxim Group and Joseph Gunnar

Company counsel

Foley & Lardner

Underwriters' counsel

Harter Secrest & Emery

Sector

Real estate & finance

Country / state

FL

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