U-Store-It Trust, a Cleveland-based real estate investment trust, has priced an initial public offering of 25 million shares of common stock at $16 per share.The shares will trade on the New York Stock Exchange under the symbol YSI, the self-storage REIT said. Lehman Brothers Inc. was the sole bookrunning manager of the offering. The underwriters have been granted an option to buy up to 3.75 million additional shares to cover any overallotments.
U-Store-It Prices IPO
October 25, 2004, 2:00 p.m. EDT 1 Min Read
