March 16 (Reuters) - Janus Living is aiming to raise as much as $740 million in its initial public offering in the United States, the senior housing real estate investment trust said on Monday.
The Denver, Colorado-based company, which is being carved out from healthcare REIT Healthpeak Properties, is offering 37 million shares priced between $18 and $20 apiece.
U.S. IPO activity has slowed to a crawl in recent weeks as market turbulence from the ongoing Middle East conflict continues to rattle investors and keep corporate issuers on the sidelines.
BofA Securities and J.P.Morgan are the lead book-running managers for the offering. Janus Living will list on the New York Stock Exchange under the ticker symbol "JAN".