Search
 

Cohen & Steers Files for IPO

NEW YORK CITY-REIT financial specialist Cohen & Steers takes the next step and files a registration for an IPO. The company expects to trade on the NYSE under the symbol CNS.

By Barbara Jarvie | Updated on March 31, 2004

NEW YORK CITY-Another private company is choosing to go the public route as Cohen & Steers Inc. files a registration statement with the SEC for the initial public offering of common stock. With $15.4 billion in assets under management, the locally based firm specializes in REIT common and preferred stocks serving individual and institutional investors.

Last month, Cohen & Steers REIT and Utility Income Fund Inc., launched in January, priced a total of $570 million in auction market preferred shares. After the sale of the new shares, the fund’s managed assets will total approximately $1.7 billion. Also in March, the company launched Cohen & Steers Select Utility Fund and issued 41.3 million shares at $20 per share, expecting to raise approximately $825 million in assets. According to the company, the fund’s combined assets could be more than $1.3 billion.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.