QTS Realty Trust, Inc. (NYSE: QTS) said it has begun an underwritten public offering of 2,000,000 shares of its Class A common stock by a selling stockholder affiliated with General Atlantic LLC.
The company will not receive any proceeds from this offering.
The selling stockholder has granted the underwriter a 30-day option to purchase an aggregate of up to an additional 300,000 shares of common stock.
Credit Suisse Securities (USA) LLC is serving as the sole underwriter for the offering.
QTS Realty Trust is a leading provider of secure, compliant data center solutions and fully managed services, and the owner of Carpathia Hosting, Inc., a leading provider of hybrid cloud services and managed compliant hosting.