A place to park your cash: The Parking REIT files for a $100 million IPO

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The Parking REIT, a REIT focused on parking facilities across the US, filed on Tuesday with the SEC to raise up to $100 million in an initial public offering.

The Las Vegas, NV-based company was founded in 2015 and booked $16 million in revenue for the 12 months ended June 30, 2018. It plans to list on the Nasdaq under the symbol PARK. The company has not yet selected underwriters. No pricing terms were disclosed.

The article A place to park your cash: The Parking REIT files for a $100 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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