MGM Growth Properties LLC on Tuesday priced its initial public offering at the high end of its expected range, according to media reports. The real-estate investment trust priced 50 million shares at $21 a piece for proceeds of $1.05 billion, according to Dow Jones and Bloomberg. MGM Growth Properties was expected to price within the $18 to $21 range, according to IPO Boutique. Market intelligence firm Ipreo had forecast MGM Properties to debut the largest IPO of the year with $975 million in proceeds.
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