23 Jan

Cold-Storage REIT Prices IPO, Launches NYSE Trading

Americold acquired this cold-storage facility in San Antonio, TX in 2017. The REIT’s portfolio runs to nearly one billion cubic feet.

ATLANTA—Shares of cold-storage REIT Americold Realty Trust began trading Friday on the New York Stock Exchange under the COLD ticker after the company priced its initial public offering at $16 per share, the high end of the IPO’s price range. The IPO was upsized to 45.3 million common shares from the 24 million originally announced on Jan. 9.

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Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group’s offices in New York City.

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