Kite Realty Group Trust, an Indianapolis-based real estate investment trust, has priced an initial public offering of 16.3 million shares of common stock at $13 per share.The shares will trade on the New York Stock Exchange under the symbol KRG. Lehman Brothers acted as the sole bookrunner for the IPO, and Wachovia Capital Markets LLC was the joint lead manager. The shopping center REIT has granted the underwriters an option to buy up to 2.445 million additional shares to cover any overallotments.
Kite Realty Prices IPO
August 11, 2004, 2:00 p.m. EDT 1 Min Read
