IPO for Aviv REIT put off as investors pull back

11/4/2009 | Bloomberg · Reuters

With the capital markets awash in new offerings, Aviv REIT has put its IPO on the back burner. The nursing home REIT was aiming for a share price in the $17 to $19 range on its 16.6 million share IPO but ran into plummeting interest from investors. Bloomberg data show the performance of IPOs in the past two months has been the worst since the company started collecting the data in 1995. "The recent IPO experience is one more indication of wariness of investors," said Michael Holland, chairman of Holland & Co.

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