Janus Living set for New York debut after upsized $840 million IPO

Janus Living

20/03/2026 09:54

** Senior housing real estate investment trust Janus Living JAN.N set for New York Stock Exchange debut later on Friday under ticker symbol “JAN”

** JAN sold 42 million shares in an upsized IPO at $20 apiece to raise $840 million

** It had initially marketed 37 million shares priced between $18 and $20 apiece

     ** Analysts had expected JAN to benefit from being a REIT, which tends 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"

** 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;))