The Parking REIT, a REIT focused on parking facilities across the US, withdrew its plans for an initial public offering on Thursday. It originally filed in October 2018 with a proposed deal size of $100 million.
The Las Vegas, NV-based company was founded in 2015 and booked $16 million in revenue for the 12 months ended June 30, 2018. It had planned to list on the Nasdaq under the symbol PARK. The company had not selected underwriters.
