World-leading intermodal container leasing company Textainer Group Holdings Limited, registered in Bermuda, has announed its initial public offering of nine million common shares has been priced at $16.50 per share.

The underwriters have a 30-day option to purchase up to 1,350,000 additional common shares to cover any over-allotments. All of the common shares are being sold by Textainer Group Holdings Limited. The common shares began trading on the New York Stock Exchange yesterday.

Credit Suisse Securities (USA) LLC and Wachovia Securities are the joint book running managers for the offering with Jefferies & Company, Inc., Piper Jaffray & Co. and Fortis Securities LLC acting as co-managers.

The offering is being made solely by means of a prospectus.

Textainer has operated since 1979 and is the world's largest lessor of intermodal containers based on fleet size with more than 1.3 million containers, representing over 2,000,000 TEU, in its owned and managed fleet.

The company is a unit of South Africa's Trencor Limited, which manufacturers and leases marine-cargo containers.

Trencor owns 71.7 percent of Textainer.