NexPoint Real Estate Finance, Inc.

NexPoint Real Estate Finance, Inc. (NREF) priced its initial public offering on Feb 10, 2020 at $19.00 per share, within its $19.00–$21.00 range, raising $95M, and listed on NYSE. At the IPO price its market capitalization was about $95M. Winston & Strawn and Ballard Spahr advised the company and Hunton Andrews Kurth advised the underwriters.

NexPoint Real Estate Finance, Inc. is a newly formed commercial real estate finance company that plans to originate and invest in first mortgage loans, mezzanine loans, preferred equity and multifamily CMBS. It focuses on multifamily, single-family rental, self-storage, hospitality and office properties, mainly in the top 50 metropolitan areas.

Status

IPO

Ticker

NREF

Exchange

NYSE

Priced

Feb 10, 2020

IPO price

$19.00

Price range

$19.00–$21.00

Raised

$95M

Market cap at IPO price

$95M

First filed

Dec 24, 2019

Company counsel

Winston & Strawn and Ballard Spahr

Underwriters' counsel

Hunton Andrews Kurth

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.