RCS Capital to price initial public offering of class A common stock

Ladenburg Thalmann and Realty Capital Securities assist with offering

By Devika Patel

Knoxville, Tenn., Feb. 22 - RCS Capital Corp. will price its initial public offering of class A common stock, according to a Form S-1 filed Friday with the Securities and Exchange Commission. The company expects its shares will trade on the Nasdaq under the symbol "RCAP."

There is a 45-day greenshoe for the deal.

Ladenburg Thalmann & Co. Inc. and Realty Capital Securities, LLC are assisting.

Proceeds will be used to expand the company's businesses by funding internal growth and acquiring complementary businesses, as well as for general corporate purposes.

The holding company is based in New York.

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