Americold becomes the latest real estate firm to shelve IPO

05/7/2010 | Bloomberg Businessweek

Americold Realty Trust has postponed what would have been the largest initial public offering of 2010 in the face of a turbulent market. Other examples include Madison Square Capital, which invests in adjustable-rate mortgage securities and retired its $150 million offering, and Swire Properties, which dropped its $2.7 billion offering. "The last thing you want to do is come to market with an IPO on a day like [Thursday]," said Frederic Dickson, chief market strategist at D.A. Davidson & Co.

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