Janus Living poised to open above offer price in NYSE debut

Janus Living

20/03/2026 15:34

Updates

** Senior housing real estate investment trust Janus Living JAN.N on track to open above offer price in NYSE debut

** Stock indicated to open between $22 and $24 apiece, vs. offer price of $20

** JAN sold 42 million shares in an upsized IPO at the top end of the marketed range of $18 and $20 apiece to raise $840 million

** Analysts expect JAN to benefit from being a REIT, which tend to have a dedicated pool of investors less concerned with day-to-day fluctuations of global markets

** "They also tend to be yield investors, buying the asset for an attractive dividend rather than hoping for a huge aftermarket bounce," said Samuel Kerr, global head of equity capital markets at Mergermarket

** "This may help it (Janus) ride any market volatility, although there is never any guarantee of success when markets are as volatile as they are now" - Kerr

** BofA Securities and J.P. Morgan acted as lead book-running managers for offering

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))