Blackstone’s Invitation Homes Officially Goes PublicMon January 23, 2017
Blackstone Group’s single-family rental platform Invitation Homes has officially made its initial public offering, according to an S-11 filing with the Securities and Exchange Commission on Monday.
Invitation Homes is offering all of the 77 million shares of common stock to be sold in the IPO at an estimated price of between $18 and $21 per share. The common stock has been approved for listing on the New York Stock Exchange under the symbol INVH. According to the filing, there has been no public market for these shares until now.
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