Senior housing REIT Janus Living valued at $5.9 billion as shares rise in NYSE debut

Company Overview - Janus Living, a senior housing-focused real estate investment trust (REIT), achieved a valuation of $5.92 billion following a 17.5% increase in its share price during its debut on the New York Stock Exchange (NYSE) [1] - The company operates 34 senior housing communities across 10 states, with a primary focus on Florida and Texas, and aims to generate rental income from senior housing while benefiting from the growth driven by aging demographics [3] IPO Details - Janus Living's shares opened at $23.50, exceeding the offer price of $20 per share, and the company raised $840 million in its upsized U.S. initial public offering by selling 42 million shares at the top end of its marketed range of $18 to $20 [2] - The U.S. IPO market has faced volatility, leading to several listings being postponed or withdrawn, yet there remains strong investor interest in companies that are less exposed to broader market fluctuations and insulated from AI disruption [2]