Resource Capital Corp., a Philadelphia-based real estate investment trust, has priced an initial public offering of 4.0 million shares of its common stock, including approximately 1.9 million shares sold by the selling stockholders, at $15 per share.Underwriters for the IPO were Credit Suisse, Friedman Billings Ramsay, Citigroup, J.P. Morgan, Bear, Stearns & Co. Inc., Piper Jaffray, and Flagstone Securities, the company said. The underwriters have been granted an overallotment option for an additional 600,000 shares of common stock, exercisable within 30 days. Shares will begin trading on the New York Stock Exchange on Feb. 7 under the symbol RSO.
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