Americold Realty prices upsized IPO at $16, the high end of the range

Americold Realty Trust, the world's largest cold-storage REIT backed by Yucaipa Companies, raised $725 million by offering 45.3 million shares (36% from insiders) at $16, the high end of the range of $14 to $16. The company had originally planned to sell 24 million primary shares before adding 16.3 million secondary shares in a filing on Thursday morning; in the pricing, it added another 5 million in primary shares.

Americold Realty Trust plans to list on the NYSE under the symbol COLD. BofA Merrill Lynch, J.P. Morgan and RBC Capital Markets acted as lead managers on the deal.

The article Americold Realty prices upsized IPO at $16, the high end of the range originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.

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


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

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