A senior housing company called Janus Living submitted documents on Friday to become publicly traded on the stock market, joining other businesses preparing for March stock offerings.
The company’s parent organization, Healthpeak Properties, had previously announced plans earlier this year to separate its senior housing business into its own independent real estate investment trust that would trade publicly.
Investment banking firms BofA Securities and J.P. Morgan will serve as the primary underwriters managing the stock offering. The new company plans to begin trading on the New York Stock Exchange using the ticker symbol ‘JAN’.
Following the initial public offering, Healthpeak Properties will continue to hold controlling ownership in Janus Living.
