Renaissance Capital logo

NSA News

US IPO Weekly Recap: 2 companies go public and fall flat in quiet week

NSA

Only two companies came public this week, raising $347 million, with both ending the week roughly even with their IPO prices. National Storage Affiliates REIT (NSA) priced 19% below the midpoint and traded up just 1% by Friday close. The self-storage roll-up likely turned off investors with its complex and unproven equity incentive structure. Based on...read more

Storage REIT roll-up National Storage prices IPO at $13, below the range

NSA

National Storage Affiliates Trust, a REIT focused on consolidating regional self-storage businesses, raised $260 million by offering 20 million shares at $13, below the range of $15 to $17. National Storage Affiliates Trust will list on the NYSE under the symbol NSA. Jefferies & Co., Morgan Stanley and Wells Fargo Securities acted as joint bookrunners on the deal....read more

Week ahead: 3 IPOs planned for the week of April 20

NSA

This week the IPO market could see a high-yield REIT, a high-growth software provider and a small biotech. After strong performance from ...read more

NSA sets terms for $320 million IPO; storage REIT roll-up to go public

NSA

National Storage Affiliates Trust, a REIT focused on acquiring and owning self-storage properties, announced terms for its IPO on Monday. The Greenwood Village, CO-based company plans to raise $320 million by offering 20 million shares at a price range of $15 to $17. At the midpoint of the proposed range, it would command a fully diluted market value of $880 million and an...read more