IIPR News

The post-Thanksgiving IPO market got off to a slower start than expected, with just one company raising $67 million, no filings and three launches this week, including Apollo-backed fixed-annuity provider Athene Holding, fluid subsystem delivery provider Ichor Holdings and Texas- and Louisiana-based E&P ...read more

Innovative Industrial Properties, a newly-formed REIT focused on medical-use cannabis cultivation facilities, raised $67 million by offering 3.4 million shares at $20, the low end of the range of $20 to $20. Innovative Industrial Properties plans to list on the NYSE under the symbol IIPR. Ladenburg Thalmann & Co. and Compass Point acted as lead managers on the deal....read more

The only IPO on the calendar in the week ahead, cannabis facilities REIT Innovative Industrial Properties (IIPR), is looking to raise a downwardly revised $100 million.  November has been a slow month for the IPO market with only three pricings, down sharply from October's 19 pricings and September's 16, yet this was largely attributed to election...read more

In the shortened Thanksgiving week, the US IPO market saw barely any activity, with a number of launches expected for the next week. The broader market continues to be supportive, with the Dow reaching an all-time high of 19,000 and the S&P 500 extending its post-election rally.