City Office REIT, Inc. completed its initial public offering (IPO) of 5.8-million shares at a price of US$12.50 on the New York Stock Exchange. Together with the exercise of the over-allotment option for an additional 782,150 shares on May 6, the IPO raised total offering proceeds of US$82.3 million. The IPO included a private placement to Canadian investors in addition to the public offering in the United States and closed on April 21, 2014.
City REIT was represented on Canadian matters by Farris, Vaughan, Wills & Murphy LLP with a team including Mitchell Gropper, Duncan Reid and Robert Veitch.
The issuer in the US was represented by Miller Canfield with a team including Joseph Fazio, Gary Glenn, Jeffrey LaBine, Blake Schulman and Brian Foley; and by Shearman & Sterling LLP with a team including Stephen Giove, Laurence Crouch, John Opar, Robert Evans, Eileen O’Pray, Christine Kim and James Cotton.
Hunton & Williams LLP was counsel to the underwriters with David Wright, Trevor Ross and James Davidson.