Americold Realty Trust, the world's largest cold-storage REIT backed by Yucaipa Companies, raised $725 million by offering 45.3 million shares (36% from insiders) at $16, the high end of the range of $14 to $16. The company had originally planned to sell 24 million primary shares before adding 16.3 million secondary shares in a filing on Thursday morning; in the pricing, it added another 5 million in primary shares.
Americold Realty Trust plans to list on the NYSE under the symbol COLD. BofA Merrill Lynch, J.P. Morgan and RBC Capital Markets acted as lead managers on the deal.
