The initial offering's asking price of $19 per share still needs to be met by the Dallas, Texas-based company's shares, which began at $18.25. During the IPO, it raised $250.8 million by selling 13.2 million shares.

In its first trading session on the New York Stock Exchange (NYSE) on Wednesday, FrontView REIT's shares declined 3.9%, pricing the commercial property investment trust at $487.9 million.

The initial public offering price of $19 per share still needs to be met by the Dallas, Texas-based company's shares, which began at $18.25. During the IPO, it raised $250.8 million by selling 13.2 million shares. Analysts predict that REITs will be among the main winners when the US Federal Reserve joins other major economies in lowering interest rates, as lower rates facilitate the financing of real estate transactions. FrontView joined a number of businesses that went public ahead of the anticipated unpredictability surrounding the presidential election on November 5 by doing so before American voters cast their ballots.

The U.S. IPO market saw proceeds of $26 billion in the first nine months of 2024, according to statistics given by LSEG, making it the best year since the 2021 IPO boom.

According to Matt Kennedy, senior strategist at Renaissance Capital, there is some uncertainty around FVR's value because it depends on the company's capacity to increase profitability and achieve certain ambitious growth goals. The largest U.S. REIT IPO of the year and the largest stock market listing of the year were made by cold storage company Lineage, which went publicly in July and is now trading marginally under its IPO price as of the most recent close.

FrontView generally invests in buildings that are very visible to customers and face busy roadways. As of June 30, it has 278 properties in the US in its portfolio, with a rate of occupancy of around 99%. The company primarily looks for tenants who run service-oriented businesses, such as restaurants with quick service, car dealerships, and dental and medical facilities.