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rontView REIT, a Dallas-based retail real estate investment trust, raised $250.8 million on its first day as a publicly traded company through an initial public offering (IPO). The company sold 13.2 million shares at $19 each, the midpoint of its marketed range. FrontView's stock now trades on the New York Stock Exchange under the ticker symbol FVR.

    The IPO was managed by major banks including Morgan Stanley, JPMorgan Chase, Wells Fargo, and Bank of America. Proceeds will be used to fund general corporate expenses, working capital, and strategic acquisitions, positioning FrontView for further growth. The company's portfolio comprises 278 properties across 31 states, offering approximately 2.1 million square feet of rentable space.

    FrontView's financial performance has been mixed. Despite a net loss of $6.4 million in the first half of last year, revenues increased from $22.3 million to $29.9 million year-over-year. The company aims to capitalize on growing demand for high-traffic retail spaces as it continues its expansion efforts. With notable tenants like Starbucks, AT&T, and Verizon, FrontView is well-positioned to benefit from the trend of businesses seeking visibility and consumer foot traffic.