DENVER — Seniors housing REIT Janus Living has made its debut on the New York Stock Exchange (NYSE) under the ticker JAN. The initial public offering (IPO) included 42 million shares of common stock priced at $20 per share, amounting to an IPO of $840 million.
Shares opened above the price of $20, at $23.50 each, valuing the company at $5.9 billion.
Denver-based Healthpeak Properties (NYSE: DOC) announced the formation of Janus Living in January of this year, contributing a 34-community seniors housing portfolio to the REIT.
Healthpeak is serving as the external manager of Janus Living and will retain a majority interest in the company, which is being led by Scott Brinker, president and CEO of Healthpeak. Following the IPO, Healthpeak will own roughly 215 million shares of common stock of Janus Living, representing a roughly 83.6 percent voting interest.