Americold Realty Trust (COLD) plans to raise $360 million in an initial public offering (IPO) on Friday, January 19th, IPO Scoop reports. The company will issue 24,000,000 shares at $14.00-$16.00 per share.
In the last 12 months, Americold Realty Trust generated $1.5 billion in revenue and $119.9 million in net income. The company has a market-cap of $2 billion.
BofA Merrill Lynch, J.P. Morgan and RBC Capital Markets served as the underwriters for the IPO and Baird, Citizens Capital Markets, Raymond James, SunTrust Robinson Humphrey, BB&T Capital Markets and BTIG were co-managers.
Americold Realty Trust provided the following description of their company for its IPO: ” We are the world’s largest owner and operator of temperature-controlled warehouses. We are organized as a self-administered and self-managed REIT with proven operating, development and acquisition expertise. As of September 30, 2017, we operated a global network of 160 high-quality warehouses encompassing 945.3 million cubic feet, with 142 warehouses in the United States, six warehouses in Australia, seven warehouses in New Zealand, two warehouses in Argentina and three warehouses in Canada. Upon the completion of this offering, we will be the first publicly traded REIT focused on the temperature-controlled warehouse industry. “.
Americold Realty Trust was founded in 2010 and has 11000 employees. The company is located at 10 Glenlake Parkway, South Tower, Suite 600, Atlanta, Georgia 30328, US and can be reached via phone at (678) 441-1400 or on the web at http://www.americold.com.
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