IPO News Archive

Retail REIT Excel Trust discloses IPO terms

4/12/10


Excel Trust, a self-managed retail REIT targeting value-oriented community properties, announced terms for its IPO on Monday. The San Diego, CA-based company plans to raise $255 million by offering 15 million shares at a price range of $16-$18. At the mid-point of the proposed range, Excel Trust will command a market value of $271 million. Excel Trust, which expects to own an initial portfolio of 16 retail properties upon completion of its IPO, plans to list on the NYSE under the symbol EXL. Morgan Stanley, Barclays Capital and UBS Investment Bank are the lead underwriters on the deal, which is expected to price the week of April 19th.

View IPO Profile: EXL         
Related Links: Upcoming 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