3 Firms Steer Global Medical REIT's $130M IPO

Law360, Los Angeles (June 29, 2016, 10:49 PM EDT) -- Global Medical REIT Inc. on Tuesday priced an initial public offering of more than 13 million shares for gross proceeds of $130.4 million in a deal guided by Vinson & Elkins LLP, with Winston & Strawn LLP representing the underwriters and Venable LLP advising the REIT on Maryland law matters.

The Bethesda, Maryland-based real estate investment trust sold 13,043,479 shares of common stock at $10 per share, the low end of its earlier $10 to $12 range, and its stock started trading on Wednesday.

The company, though, upped the number of shares for sale, having previously planning to sell roughly 9.1...

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