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QTS Realty Trust Inc Prices Initial Public Offering

Wednesday, 9 Oct 2013 09:00am EDT 

QTS Realty Trust Inc announced the pricing of its initial public offering of 12,250,000 shares of Class A common stock, $0.01 par value per share, at a price to the public of $21.00 per share, for total gross proceeds of $257,250,000. The offering is expected to close on October 15, 2013 and the shares are expected to begin trading on the New York Stock Exchange under the ticker symbol 'QTS' on October 9, 2013. QTS has granted the underwriters a 30-day option to purchase an aggregate of up to an additional 1,837,500 shares of common stock at the initial public offering price. The Company will contribute the net proceeds of the offering to its operating partnership. The Company intends to use the net proceeds of the offering to repay amounts outstanding under its revolving credit facility. Goldman, Sachs & Co., Jefferies LLC, BofA Merrill Lynch, Deutsche Bank Securities Inc., KeyBanc Capital Markets Inc. and Morgan Stanley are joint book-running managers for the offering and J.P. Morgan Securities LLC and Stifel, Nicolaus & Company, Incorporated are co-managers for the offering. 

Company Quote

0.5 +1.55%
19 Dec 2014