Nordic Realty Trust delays $75 million IPO: First January with 0 IPOs since 2009

Nordic Realty Trust, a REIT newly formed to acquire office and industrial properties in Norway, delayed its IPO on Thursday.

It had filed to raise $75 million by offering 5 million shares at a price of $15. IPO timing is now set as day-to-day.

The New York, NY-based company was founded in 2015 and plans to list on the Nasdaq under the symbol NORT. Wunderlich Securities is the sole bookrunner on the deal.

Nordic Realty is the fourth US IPO to delay its offering this month, following the postponements of AmeriQuest (AMQ) earlier this week and Elevate Credit (ELVT) last week. Shimmick Construction (SCCI) attempted to raise $75 million in early January, but the IPO has been day-to-day for the past two weeks.

Assuming Shimmick and Nordic do not price tonight, it will be the first January since 2009 without a US IPO.