By Guy Montague-Jones2018-06-14T15:02:00
Two IPOs fail as investor fatigue sets in and income-driven strategies lose lustre
This year, it is a different story. As Property Week revealed in February, Horizon and Fundamentum Property have both pursued stock market listings. Fundamentum sought to raise £150m for Fundamentum Supported Housing REIT and Horizon looked to raise £125m for Horizon Housing REIT, but neither managed to get off the ground.
Horizon’s failure is particularly surprising as it had already secured a cornerstone investment from East Riding Pension Fund, which had agreed to sell 511 properties to the company in exchange for £56.2m in shares. So why did the two IPOs fail?
You must be logged in to continue
Register for free to finish this article
Registration includes the following benefits:
To access this article REGISTER NOW
Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.