TrafficCourt

Schottenstein Ready for an IPO

The trend of new retail REITs coming on the public market in 2011 continues.

Schottenstein Realty Trust has just filed a notice with the SEC indicating the company is ready for an IPO. Schottenstein, which operates more than 100 shopping centers, looks to raise approximately $491 million through the transaction. It's pricing its shares between $14 and $16 apiece.

Schottenstein made a previous attempt at an IPO late last year, at a higher price, but never went through with the plan.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish