GO Residential REIT Set to Trade Friday After $410 Million Canada IPO
The company is forecasting $10.3 million in net income on $174.4 million in revenue after the deal closes in June 2026.
Photographer: Chloe Ellingson/BloombergGO Residential Real Estate Investment Trust is expected to begin trading Friday after pricing its $410 million initial public offering, in what would be the first corporate IPO on the Toronto Stock Exchange this year.
The offering consisting of 27.34 million units priced at $15 each, according to a statement Thursday confirming an earlier Bloomberg News report. The REIT will indirectly own a portfolio of luxury high-rise apartments in New York City, and plans to use the proceeds of the IPO to acquire them, according to a preliminary prospectus filed with Canadian securities regulators July 11.