Amazon logistics center REIT ROX Financial withdraws $83 million IPO

ROX Financial LP, a REIT containing a sole Amazon logistics center in Oakley, California, withdrew its plans for an initial public offering on Tuesday. It had filed to raise $83 million by offering 8.3 million shares at $10. The current owner of the logistics center, NorthPoint Development, and ROX Parent had agreed to purchase an aggregate $7 million worth of shares in concurrent private placements.

The New York, NY-based company was founded in 2020 and had planned to list on the NYSE under the symbol ROXA. UBS Investment Bank, RBC Capital Markets, Piper Sandler, and B. Riley Securities were set to be the joint bookrunners on the deal.