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IPO Watch: Terreno, Piedmont

NEW YORK ( TheStreet) -- It's another disappointing week for initial public offerings, as all of the companies that came to market so far priced below expectations.

Shares of Terreno Realty (TRNO - Get Report) are falling 6.5% to $18.70 after the company raised just $175 million selling 8.75 million shares for $20 each.

The industrial real estate investment trust previously delayed its IPO, which was slated for January. At the time, the company expected to raise $300 million selling 15 million shares for $20 apiece.

Piedmont Office Realty Trust (PDM - Get Report) sold 12 million shares for $14.50 on Wednesday, lower than the 18 million shares it expected to sell for $16 to $18 each.

But shares of the company are rising 4.8% to $15.19 in its trading debut.

Graham Packaging cut the size of its IPO in half. It now expects to raise about $175 million by offering 16.7 million shares for $10 to $11. Graham originally expected to raise $350 million by selling 23.3 million shares for between $14 and $16.
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SLRC $17.94 -0.33%
TRNO $23.29 -0.81%
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