NETSTREIT Corp.

NETSTREIT Corp. (NTST) priced its initial public offering on Aug 14, 2020 at $18.00 per share, raising $225M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $437.4M. Wells Fargo was lead-left underwriter, joined by BofA Securities, Citigroup and Stifel and others. Venable and Winston & Strawn advised the company and Vinson & Elkins advised the underwriters.

NETSTREIT Corp. is an internally managed real estate company that owns single-tenant retail properties across the United States on long-term net leases to high-credit-quality tenants. It focuses on tenants offering necessity goods and essential services, such as discount stores and groceries.

Status

IPO

Ticker

NTST

Exchange

Nasdaq Global Select

Priced

Aug 14, 2020

IPO price

$18.00

Raised

$225M

Market cap at IPO price

$437.4M

First filed

Jul 17, 2020

Underwriters

Wells Fargo, BofA Securities, Citigroup, Stifel, Jefferies, BMO Capital Markets, BTIG, Capital One, KeyBanc, Truist, Ramirez & Co. and Scotiabank

Company counsel

Venable and Winston & Strawn

Underwriters' counsel

Vinson & Elkins

Sector

Real estate & finance

Country / state

TX

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