National Healthcare Properties on track for muted debut after $462 million IPO

Janus Living

22/04/2026 16:36

** Real estate investment trust National Healthcare Properties NHP.O on track to open flat in Nasdaq debut

** Stock indicated to open at $12 offer price, according to LSEG data

** NHP sold 38.5 million shares below the marketed range of $13 and $16 apiece to raise $462 million in its offering

** IPO follows successful $966 ​million New York IPO of senior housing REIT Janus Living JAN.N last month

** "NHP is clearly following in the footsteps of Janus Living, which traded up; pitching itself as a dividend grower in a favorable industry" - Matt Kennedy, senior ‍strategist at Renaissance Capital, a provider of IPO-focused research and ETFs

** New York-based National Healthcare Properties is a self-managed REIT focusing on senior housing and healthcare real estate assets

** Wells Fargo Securities, Morgan Stanley and BMO Capital Markets acted as lead book-running managers for offering

(Reporting by Arasu Kannagi Basil in Bengaluru)

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