Americold warehouse racking

Americold launches initial public offering

Americold Realty Trust announced the closing of its initial public offering of 52,095,000 common shares at a public offering price of $16.00 per share, including the underwriters’ full exercise of their option to purchase 6,795,000 common shares consisting of 4,350,000 common shares from Americold and 2,445,000 common shares from the selling shareholders at the initial public offering price, less the underwriting discount. Americold issued and sold 33,350,000 common shares, and the selling shareholders sold 18,745,000 common shares.

Shares began trading on the New York Stock Exchange under the ticker symbol “COLD” on January 19, 2018. The company expects to grant the underwriters a 30-day option to purchase up to an additional 3,600,000 common shares. The common shares have been approved for listing on the New York Stock Exchange and, subject to official notice of issuance, will trade under the symbol “COLD.”

BofA Merrill Lynch, J P Morgan and RBC Capital Markets served as the joint book-running managers for the offering. Rabo Securities, Baird, Citizens Capital Markets, Raymond James, SunTrust Robinson Humphrey, BB&T Capital Markets and BTIG were the co-managers for the offering.

A copy of the prospectus may be obtained free of charge from the Securities and Exchange Commission website at www.sec.gov.

A registration statement relating to these common shares was declared effective by the Securities and Exchange Commission on January 18, 2018.

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