Bridge Investment prices Initial Public Offering

SALT LAKE CITY: Bridge Investment Group Holdings Inc. announced the pricing of its initial public offering of 18,750,000 shares of its Class A common stock at a public offering price of $16.00 per share. The underwriters will also have a 30-day option to purchase up to an additional 2,812,500 shares of Class A common stock at the initial public offering price, less the underwriting discount.

The shares of Class A common stock are expected to begin trading on the New York Stock Exchange under the ticker symbol “BRDG” on July 16, 2021. The offering is expected to close on July 20, 2021, subject to customary closing conditions.

Morgan Stanley, J.P. Morgan and Citigroup are acting as the joint lead book-running managers for the offering. Wells Fargo Securities and UBS Investment Bank are acting as joint book-running managers for the offering. AmeriVet Securities, C.L. King & Associates and Siebert Williams Shank are acting as co-managers for the offering.

Bridge is a leading, vertically integrated real estate investment manager, diversified across specialized asset classes, with approximately $26 billion of assets under management as of March 31, 2021. Bridge combines its nationwide operating platform with dedicated teams of investment professionals focused on select U.S. real estate verticals: multifamily, affordable housing, seniors housing, office, development, logistics net lease, logistics properties, debt strategies and agency mortgage backed securities.

 

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