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) -- 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 Terreno Realty Corporation 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 Piedmont Office Realty Trust, Inc. Class A 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.

The company is expected to begin trading on the New York Stock Exchange on Thursday.

On Tuesday

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Solar Capital

(SLRC) - Get SLR Investment Corp. Report

took a hit after it raised $92.5 million by offering 5 million shares at $18.50 each, less than the range of $19 to $21 it expected.

Regardless, investors are most interested in


IPO, which is expected to come to market on Friday. The Internet marketer that competes with





(GOOG) - Get Alphabet Inc. Class C Report

, is hoping to raise $180 million by selling 10 million shares between $17 and $19.

-- Reported by Jeanine Poggi in New York.

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