US IPOs and Secondary Offerings, IPO Boutique

IPO Boutique

US IPOs and Secondary Offerings

For more than 20 years, we have been providing research, analysis, commentary and ratings on US Equity Capital Markets to institutional investors (US IPOs and Secondary Offerings). Our vast network of contacts across the Equity Capital Markets and attention-to-detail sets us apart from our competitors.

Since 2012, we have achieved a successful hit rating on 89% of Buy-rated IPOs. The collective “Buy” ratings averaged a first trade of 16.3% above issue.Our Neutral Rated Deals averaged just 2% above the issue price at first trade.

Our written research includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

In addition, we provide a high-touch premium desk access which includes analyst access, as well as real time insights on US IPOs as well as secondary offerings.

IPOs and Secondary Offerings

Equity Capital Markets

<ul>
<li>Janus Living Inc plans an IPO as investors seek defensive assets, offering a pure-play U.S. REIT focused exclusively on senior housing communities.</li>
<li>Initial portfolio includes 34 communities (10,422 units), heavily concentrated in Florida and Texas, benefiting from strong retirement migration and aging population demographics.</li>
<li>Entire portfolio operates under RIDEA structures, enabling participation in operating performance while leveraging management from Healthpeak Properties’s experienced platform.</li>
</ul>


Janus Living Inc plans an IPO as investors seek defensive assets, offering a pure-play U.S. REIT focused exclusively on senior housing communities.
Initial portfolio includes 34 communities (10,422 units), heavily concentrated in Florida and Texas, benefiting from strong retirement migration and aging population demographics.
Entire portfolio operates under RIDEA structures, enabling participation in operating performance while leveraging management from Healthpeak Properties’s experienced platform.


Janus Living Inc. (JAN): Peeking at the IPO Prospectus of a Senior Housing Sector REIT

National Healthcare Properties / Equity Capital Markets

<ul>
<li>National Healthcare Properties seeks to raise up to ~$616 million in IPO proceeds, leveraging strong investor demand for senior housing and aging-demographic exposure.</li>
<li>Portfolio combines 37 senior housing communities and 130 outpatient medical facilities, balancing high-growth private-pay SHOP assets with stable, inflation-linked OMF cash flows.</li>
<li>Positioned within a favorable senior housing cycle of limited supply and rising 80+ population growth, with IPO comps like Janus Living signaling supportive market reception.</li>
</ul>


National Healthcare Properties seeks to raise up to ~$616 million in IPO proceeds, leveraging strong investor demand for senior housing and aging-demographic exposure.
Portfolio combines 37 senior housing communities and 130 outpatient medical facilities, balancing high-growth private-pay SHOP assets with stable, inflation-linked OMF cash flows.
Positioned within a favorable senior housing cycle of limited supply and rising 80+ population growth, with IPO comps like Janus Living signaling supportive market reception.


National Healthcare Properties (NHP): Riding Sector Waves, Another Senior Housing REIT Preps for IPO

<ul>
<li>National Healthcare Properties targets $1.4B–$1.7B IPO, leveraging strong senior housing REIT momentum and favorable market reception outlook.</li>
<li>Diversified portfolio blends growth-oriented senior housing (SHOP) with stable outpatient medical facilities (OMF), balancing upside potential and consistent cash flow generation.</li>
<li>Positioned to benefit from aging demographics, limited supply, and private-pay demand, though profitability remains uneven with recent net losses.</li>
</ul>


National Healthcare Properties targets $1.4B–$1.7B IPO, leveraging strong senior housing REIT momentum and favorable market reception outlook.
Diversified portfolio blends growth-oriented senior housing (SHOP) with stable outpatient medical facilities (OMF), balancing upside potential and consistent cash flow generation.
Positioned to benefit from aging demographics, limited supply, and private-pay demand, though profitability remains uneven with recent net losses.


National Healthcare Properties (NHP): Peeking at the IPO Prospectus of a Senior Housing REIT

United States

Janus Living, Inc. is a newly formed, specialized senior housing real estate investment trust (REIT) spun off from Healthpeak Properties in early 2026 to focus on high-growth, RIDEA-structured senior housing properties.

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Janus Living (JAN US)

Janus Living Inc. (JAN): Peeking at the IPO Prospectus of a Senior Housing Sector REIT

Janus Living Inc to launch IPO for U.S. REIT focused on senior housing communities, with strong presence in Florida and Texas, leveraging...

IPO Boutique

National Healthcare Properties (NHP): Riding Sector Waves, Another Senior Housing REIT Preps for IPO

National Healthcare Properties plans to raise $616 million in IPO funds, capitalizing on investor interest in senior housing and aging demographics.

IPO Boutique

National Healthcare Properties (NHP): Peeking at the IPO Prospectus of a Senior Housing REIT

National Healthcare Properties plans IPO, combining growth-focused senior housing with stable medical facilities to capitalize on aging...

IPO Boutique

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Janus Living Inc. (JAN): Peeking at the IPO Prospectus of a Senior Housing Sector REIT

​Janus Living Inc to launch IPO for U.S. REIT focused on senior housing communities, with strong presence in Florida and Texas, leveraging...

IPO Boutique

National Healthcare Properties (NHP): Riding Sector Waves, Another Senior Housing REIT Preps for IPO

​National Healthcare Properties plans to raise $616 million in IPO funds, capitalizing on investor interest in senior housing and aging demographics.

IPO Boutique

National Healthcare Properties (NHP): Peeking at the IPO Prospectus of a Senior Housing REIT

​National Healthcare Properties plans IPO, combining growth-focused senior housing with stable medical facilities to capitalize on aging...

IPO Boutique

Janus Living Inc to launch IPO for U.S. REIT focused on senior housing communities, with strong presence in Florida and Texas, leveraging...

National Healthcare Properties plans to raise $616 million in IPO funds, capitalizing on investor interest in senior housing and aging demographics.

National Healthcare Properties plans IPO, combining growth-focused senior housing with stable medical facilities to capitalize on aging...