Home / Business and Economy / Janus Living Eyes $5B IPO Amid Market Stir
Janus Living Eyes $5B IPO Amid Market Stir
16 Mar
Summary
- Janus Living targets up to $5 billion valuation in U.S. IPO.
- Company seeks up to $740 million by offering 37 million shares.
- Properties are primarily in major retirement markets across 10 states.
Janus Living, a senior housing real estate investment trust being carved out from Healthpeak Properties, is aiming for a valuation of up to $5 billion with its U.S. initial public offering. The company is seeking to raise as much as $740 million through the sale of 37 million shares, priced between $18 and $20 each.
Despite recent market turbulence, Janus Living is moving forward with its IPO plans. The Denver, Colorado-based REIT owns 34 senior housing communities, primarily located in key retirement markets across 10 U.S. states. Florida and Texas together constitute approximately 69% of its property portfolio. The increasing demand for senior housing is driven by the aging U.S. population and growing concerns about future care needs.
Cornerstone investors, including CenterSquare Investment Management and DWS Group, have expressed interest in purchasing up to $300 million worth of Janus shares as part of the offering. Janus Living is set to be listed on the New York Stock Exchange under the ticker symbol "JAN".
