IPO News Archive

Office REIT Callahan Capital files for a $500 million IPO

12/11/09


Callahan Capital Properties, a newly organized REIT that will manage a diversified portfolio consisting primarily of Class A office properties, filed on Friday with the SEC to raise up to $500 million in an initial public offering. The Chicago, IL-based company, which was founded in 2006 and has no operating history to date, plans to list on the NYSE under the symbol CCP. Management is led by Timothy Callahan, former CEO of Trizec Properties and Equity Office Properties Trust, the two largest public US office REITs prior to their respective sales. BofA Merrill Lynch, Goldman Sachs, and Wells Fargo Securities are the lead underwriters on the deal, for which pricing terms and timing were not disclosed.

View IPO Profile: CCP         
Related Links: Recently Filed IPOs
Source: www.RenaissanceCapital.com
Latest User Comments
Attribution Policy: The information contained herein is proprietary and copyrighted. The media is welcome to use our information and ideas, provided that the following sourcing is included: Renaissance Capital, Greenwich, CT (www.renaissancecapital.com).
Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital and/or the IPO Plus Fund (symbol: IPOSX) may have investments in securities of companies mentioned.
Invest in the IPO Plus Fund
About Fund Prospectus Invest