Data center operator QTS Realty Trust sets terms for $349 million IPO


QTS Realty Trust, a data center operator serving businesses and government agencies, announced terms for its IPO on Thursday. The Overland Park, KS-based company plans to raise $349 million by offering 12.3 million shares at a price range of $27 to $30. At the midpoint of the proposed range, QTS Realty Trust would command a fully diluted market value of $995 million.

QTS Realty Trust, which was founded in 2005 and booked $159 million in sales for the 12 months ended June 30, 2013, plans to list on the NYSE under the symbol QTS. QTS Realty Trust initially filed confidentially on May 31, 2013. Goldman Sachs, Jefferies, BofA Merrill Lynch, Deutsche Bank, KeyBanc Capital Markets and Morgan Stanley are the joint bookrunners on the deal.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: News Headlines , IPOs

Referenced Stocks: QTS

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