Pennsylvania REIT Delays $527M IPO, Citing Market Concerns

Law360, New York (November 14, 2017, 4:32 PM EST) -- Pennsylvania-based real estate investment trust Workspace Property Trust has postponed an estimated $527 million initial public offering, citing concerns about current market conditions on Tuesday.

The delay comes nearly two weeks after suburban-focused Workspace launched a marketing roadshow, typically one of the final stages of the IPO process, whereby a company and its investment banks market the offering to prospective investors. Workspace was scheduled to price its deal last week.

"While we were pleased with the interest and feedback we received on our roadshow, we felt...
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