Latest news with #GOResidential
Bloomberg
5 days ago
- Business
- Bloomberg
GO Residential Shares Drop 3.3% After $410 Million Toronto IPO
GO Residential Real Estate Investment Trust shares declined as much as 3.3% after the New York property vehicle raised $410 million in the first corporate initial public offering on the Toronto Stock Exchange this year. Shares of GO Residential traded at $14.50 each on Friday as of 9:44 a.m. in Toronto, versus an IPO price of $15 apiece. The offering of 27.34 million shares priced on Thursday, according to a statement. The REIT will indirectly own a portfolio of luxury high-rise apartments in New York City, and plans to use the proceeds of the IPO to acquire them, a prospectus shows.
Bloomberg
6 days ago
- Business
- Bloomberg
GO Residential REIT Set to Trade Friday After $410 Million Canada IPO
By and Geoffrey Morgan Save GO Residential Real Estate Investment Trust is expected to begin trading Friday after pricing its $410 million initial public offering, according to people familiar with the matter, in what would be the first corporate IPO on the Toronto Stock Exchange this year. The offering consisted of 27.34 million units at $15 each, according to a preliminary prospectus filed with Canadian securities regulators July 11. The REIT will indirectly own a portfolio of luxury high-rise apartments in New York City, and plans to use the proceeds of the IPO to acquire them.
