Americold Realty Trust, the real estate investment trust controlled by Ron Burkle’s fundYucaipa, on Thursday delayed its $660 million initial public offering, according to Bloomberg data, a day after it cut the pricing for what was set to be the biggest I.P.O. in the United States this year.
On Wednesday, already sensing market weakness, Yucaipa cut the range for the issue from $14 to $16 down to $9 to $11, which would have brought it $28 million less than it initially hoped.
The offering is not the only one to suffer as markets falter around the world. Swire, another real estate company, said Thursday that it had canceled its $2.7 billion I.P.O., which was poised to take place in Hong Kong. And on Wednesday, Reuters reported that Albania’s 400 million euro bond issue had been delayed.
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