WORLD PROPERTY CHANNEL ®

(GREENWICH, CT) -- Renaissance Capital, headquartered in Greenwich, CT, expects the following initial public offerings to price during the week of Jan. 25.

• (IFM) Century 21 China of Beijing, which provides real estate services and franchises the Century 21 brand in China, plans to raise $162 million by offering 16,650,000 at a price range of $8.75 to $10.75.

• Terreno Realty Corp. of San Francisco, CA, with a newly organized REIT targeting industrial real estate in six coastal U.S. markets, plans to raise $200 million by offering 15,000,000 in the $20 price range.

Renaissance Capital, founded in 1991, states that at the mid-point of the proposed range, (IFM) Century 21 China will command a market value of $446.00 million. (IFM) Century 21 China, which was founded in 2000, booked $74 million in sales over the last 12 months.

The Beijing, China-based Company plans to list on the NYSE under the symbol CTC. Goldman Sachs, Morgan Stanley, and William Blair are the lead underwriters on the deal. Please note: Filed with the SEC as IFM Investments Ltd.

Renaissance Capital expects that at the mid-point of the proposed range, Terreno Realty Corp. will command a market value of $212.49 million. Terreno Realty Corp., which was founded in 2009, has booked no sales over the last 12 months.

The company plans to list on the NYSE under the symbol TRNO. Goldman Sachs is the lead underwriters on the deal. 

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