No pay for Norway REIT: Nordic Realty Trust postpones $75 million IPO

Nordic Realty Trust, a REIT newly formed to acquire office and industrial properties in Norway, postponed its IPO on Monday. It had filed to raise $75 million by offering 5.0 million shares at a price of $15. At that price, it would have commanded a market cap of $81 million.

The New York, NY-based company was formed in 2015 and planned to list on the Nasdaq under the symbol NORT. Wunderlich Securities was set to be the sole bookrunner on the deal.