Farmland to price IPO of 4.67 million shares between $14.00 and $16.00

Baird, BMO Capital Markets, Janney Montgomery Scott assist with sale

By Devika Patel

Knoxville, Tenn., March 24 - Farmland Partners Inc. will sell 4,666,667 common shares in its initial public offering with a 30-day greenshoe option of 700,000 additional shares, according to a Form S-11/A filed Monday with the Securities and Exchange Commission. The deal was announced Jan. 10.

The shares will be sold at a price expected to fall between $14.00 and $16.00 per share.

Baird, BMO Capital Markets and Janney Montgomery Scott are the joint bookrunning managers.

Proceeds will be used for general corporate purposes, including working capital, potential acquisitions and distributions.

The real estate investment trust is based in Westminster, Colo. It intends to list its common stock on the NYSE exchange under the symbol "FPI."

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