Americold Realty Trust (COLD) IPO Opens 9% Higher

Today's IPO for Americold Realty Trust (NYSE: COLD) opened for trading at $17.50 after pricing 45,300,000 common shares at a public offering price of $16.00 per share.

Americold is issuing and selling 29,000,000 common shares and selling shareholders are selling an additional 16,300,000 common shares.

In addition, Americold and the selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 6,795,000 common shares consisting of 4,350,000 common shares from Americold and 2,445,000 common shares from the selling shareholders at the initial public offering price, less the underwriting discount.

BofA Merrill Lynch, J.P. Morgan and RBC Capital Markets are acting as the joint book-running managers for the offering. Rabo Securities, Baird, Citizens Capital Markets, Raymond James, SunTrust Robinson Humphrey, BB&T Capital Markets and BTIG are acting as the co-managers for the offering.

Americold is the world’s largest owner of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 160 temperature-controlled warehouses, with approximately 1 billion cubic feet of storage, in the United States, Canada, Australia, New Zealand and Argentina. Americold’s facilities are an integral component of the supply chain connecting food producers, processors, distributors and retailers to consumers. Americold serves over 2,600 customers and employs approximately 11,000 associates worldwide.

You May Also Be Interested In

• SK hynix files for Nasdaq IPO under ticker symbol SKHY
• UK’s EG Group reportedly files for US IPO worth about $1 billion
• ITG launches IPO roadshow, seeks Nasdaq listing at up to $22 per share