Aspen REIT, today announced that its offering of USD33.5 million Regulation A+ initial public offering has been qualified by the Securities and Exchange Commission(SEC) of the United State.
Aspen REIT is offering 1,675,000 shares at USD20.00 per share in the IPO. Aspen REIT has applied to list its common stock on the NYSE American stock exchange under the ticker symbol “AJAX.”
Upon closing of the IPO, Aspen REIT will be the first single-asset REIT to list on a national securities exchange in the United States. Aspen REIT intends to use substantially all of the net proceeds from the IPO, together with equity in Aspen REIT’s subsidiary operating partnership, to acquire the renowned St. Regis Aspen Resort in Aspen, Colorado.
Stephane De Baets, Chief Executive Officer and Chairman of Aspen REIT, said "through this first-of-its-kind offering" in the United States, any investor can subscribe to become a part owner in the St. Regis Aspen Resort.
- Staff Writer APMR News
Article published on : 2018 January 25, 6:45 pm GMT+800
Article last updated : 2018 January 25, 10:55 pm GMT +800