(AFX UK Focus) 2010-06-03 23:08 UPDATE 1-Welsh Property Trust pulls IPO-underwriter

Posted by property | Posted in Real Estate | Posted on 04-06-2010-05-2008

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(AFX UK Focus) 2010-06-03 23:08 UPDATE 1-Welsh Property Trust pulls IPO-underwriter
NEW YORK, June 3 (Reuters) – Welsh Property Trust Inc shelved plans for an initial public offering on Thursday because of “market conditions,” an underwriter said. Minnetonka, Minnesota-based Welsh Property had planned to sell 20.92 million shares for between and .50 each after it cut the total value of its offering by 2.9 percent earlier on Thursday. It had originally filed to sell 17.5 …
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