RTTNews·2026-03-16 11:10Core Viewpoint - Janus Living has launched its initial public offering (IPO) of 37 million Class A-1 shares, with an expected price range of $18 to $20 per share [1][2]. Group 1: IPO Details - The offering includes a 30-day option for underwriters to purchase an additional 5.5 million Class A-1 shares to cover overallotments [1]. - Janus Living plans to list its shares on the New York Stock Exchange under the ticker "JAN" [2]. Group 2: Use of Proceeds - The net proceeds from the IPO will be utilized for acquisitions, investment opportunities, and general corporate purposes [2]. Group 3: Ownership Structure - Post-IPO, Healthpeak Properties will own approximately 214.73 million shares of Janus Living Class A-1 common stock, representing about 85.3% economic interest in the company [2]. Group 4: Underwriters - BofA Securities and J.P. Morgan are serving as lead book-running managers for the offering [3]. Group 5: Market Performance - Healthpeak shares closed at $16.98, reflecting a 0.47% increase [3].