Tags: US | Excel | Trust | IPO | Mover

Shares of REIT Excel Trust Edge up in IPO Debut

Friday, 23 Apr 2010 12:35 PM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink

Shares of retail real estate investment trust Excel Trust are slightly higher in their IPO debut.

The San Diego company's initial public offering raised $210 million, the biggest of the week's seven deals. Shares had priced at $14, below expectations of $16 to $18.

The stock, trading on the New York Stock Exchange under the symbol "EXL," opened at $13.25 and have risen as high as $13.48. Shares are up 12 cents at $13.37.

Excel Trust Inc. says net proceeds of the IPO without underwriters buying extra shares are about $193.8 million. The company will spend it on buying properties.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Police: 2 NYC Cops Shot Dead, Execution Style

Saturday, 20 Dec 2014 17:03 PM

An armed man walked up to two New York Police Department officers sitting inside a patrol car and opened fire Saturday a . . .

State Dept. Issues Worldwide Travel Alert

Saturday, 20 Dec 2014 16:47 PM

The United States issued a worldwide travel alert Friday, warning Americans to be vigilant during the holiday period, es . . .

Raul Castro: Cuba Will Stay Communist

Saturday, 20 Dec 2014 12:20 PM

Three men who served long U.S. prison terms for spyingreceived a standing ovation in Cuba's parliament Saturday, shaking . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved