The countrys biggest manager of real-estate mutual funds is planning to offer 7.5 million shares of its common stock at $13 to $15 a share, which should raise between $98 million to $113 million. It was speculated that the offering could be brought as soon as Thursday afternoon. The offering is expected to be the largest since
The Cohen IPO is well-timed, according to experts, as the firms real estate spotlight has been "enormously successful" and the firm has avoided the stink of the scandals in the industry, according to Burton Greenwald, president of B.J. Greenwald Associates, a consulting firm in Philadelphia. The firms assets have nearly quadrupled since 1999, tallying $15.1 billion.
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