04:02 AM EDT, 10/23/2024 (MT Newswires) -- FrontView REIT ( FVR ) said Tuesday that the underwriters of its initial public offering have exercised their option to buy an additional of about 1.1 million common shares at the IPO price of $19 per share, less underwriting discounts and commissions.

The option closing is expected to settle Wednesday. The company said it sold a total of about 14.3 million common shares in the offering for gross proceeds of about $271.5 million, after giving effect to the option closing.

The company's common stock started trading on the New York Stock Exchange on Oct. 2, under the ticker symbol, "FVR."