Reuters: Global Markets: Shares of American Homes 4 Rent fall in market debut

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Shares of American Homes 4 Rent fall in market debut Aug 1st 2013, 14:12 Thu Aug 1, 2013 10:12am EDT (Reuters) - Shares of real estate investment trust American Homes 4 Rent (AMH.N) fell 3 percent in their market debut. The California-based single-family rental REIT, founded by self-storage billionaire Wayne Hughes, priced its initial public offering at the low end of the expected range of $16 to $18 per share. The stock was trading at $15.94, shortly after the opening on the New York Stock Exchange, valuing the company at $2.8 billion. The sale of 44.1 million common shares raised $705.9 million.

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