On 01/19/2018, Americold Realty Trust made its REIT offering on NYSE led by BofA Merrill Lynch, J.P. Morgan and RBC Capital Markets.
It was the first and only publicly traded REIT focused on the cold-storage segment. The common share was priced at $16.00 per share, top of its expected range of $14 to $16 per share. With a full subscription of 45,300,000 shares offered by both the trust and selling shareholders, and an additional 15% over-allotment option fully exercised, Americold was valued at close to $2.3 billion at offer.
Americold Realty Trust (COLD) - Cold Storage Monopoly? - Dividend Investing
The stock opened at $17.50/share and closed the first day higher at $17.77. Americold Realty Trust was included in the IPOX® 100 U.S.
Portfolio on 03/15/2019 and currently weighs approximately 0.4% of the portfolio.