Trading under the ticker symbol of QRR, in the first day of trading, Quadra stock saw a high of $15.30 and a low of $14.02 per share. Friday morning stock opened at $15.20 and rose $0.07 by 10 a.m. The initial public offering included 16.7 million shares at $15 per share.
The new real estate investment trust is managed by Hypo Real Estate Capital Corp. and was started in 2004. Credit Suisse Securities LLC and Wachovia Capital Markets LLC were underwriters for the IPO.
Back in November, Quadra had recently provided financing for properties across the US, including Trump International Hotel and Tower in Las Vegas, Elysian Hotel and Private Residences in Chicago, 900 Biscayne Blvd. in Miami and Sky House on East 29 Street in New York City. Current transactions are unknown.
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