Janus Living Shares Jump 18% After $840 Million IPO
Scott Brinker, president and chief executive officer of Janus Living Inc., center, rings the opening bell during the company's IPO at the New York Stock Exchange on March 20.
Photographer: Michael Nagle/BloombergJanus Living Inc., a seniors-focused real estate investment trust, jumped nearly 18% in its trading debut Friday after the company raised $840 million in an initial public offering.
The shares closed up about 18% to $23.60 on Friday, above its IPO price of $20. The trading gives the company a market value of roughly $6 billion, based on the outstanding shares.