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Terreno Realty postpones IPO after cutting deal size

January 26, 2010

Terreno Realty, a newly organized REIT targeting industrial real estate in six coastal U.S. markets, postponed its IPO on Monday after cutting the proposed deal size by 33% last week. Following the terms revision, the San Francisco, CA-based company had planned to sell 10 million shares at $20 each, raising total proceeds of $200 million. Goldman Sachs was set to be the lead underwriter on the deal.