QTS shares jump in initial tradingOctober 9, 2013 @ 9:49 am
(AP) - Shares of QTS Realty Trust are jumping 4 percent in their trading debut.
The real estate investment trust, based in Overland Park, Kansas, priced its offering of nearly 12.3 million shares at $21 per share, which is below market expectations. The company also gave underwriters an option to buy another 1.8 million shares if demand is strong.
QTS shares hit $21.92 in midday trading Wednesday.
The company raised nearly $275.3 million. It plans to use the proceeds to repay debt.
QTS Realty Trust Inc. is trading under the symbol "QTS" on the New York Stock Exchange.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Dave Ross wants to know why union leadership rejected a final offer from Boeing
Over the Top
Jack Menashe has made his home the Christmas light destination in West Seattle
The Holiday Map
Find lights, Santa photos, tree farms & seasonal events with our holiday map
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.