IPO News Archive

Welsh Property Trust postpones IPO after cutting price range to $16-$16.50

6/3/10


Welsh Property Trust, a Central US-focused REIT with a portfolio of 80 industrial and 8 office properties, postponed its IPO on Thursday because of poor market conditions. The Minnetonka, MN-based company, which was founded in 1977 and booked $156 million in sales last year, had lowered its price range by 19% to $16-$16.50 earlier in the day. UBS Investment Bank and J.P. Morgan were set to be the lead underwriters on the deal.

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