American Healthcare REIT Inc. rose 10% in its trading debut after its $672 million initial public offering added to a run of modest performances by US listings.

The Irvine, California-based senior housing and assisted living property firm’s stock opened Wednesday at $12.85 each, after the firm sold Bloomberg Terminal56 million shares for $12 each on Tuesday, the bottom of a marketed range. The shares closed at $13.22 in New York trading, giving the company a market value of more than $1.6 billion.

ncG1vNJzZmivp6x7o7jOqKSbnaKce6S7zGilnq%2BjZK6zwMico56rX2d9c4CMaWlmaGdkrq6x0aKamqZdnbKiuNOhmpqqlWK%2FprXTZqapnZ6oenh5x6KeoZ2iYq6nwMSrZG9vYmK6qrjLoqanZZmlvA%3D%3D