Aspen REIT Prices IPO at $20.00 Per Share (AJAX)

Aspen REIT (AJAX) expects to raise $34 million in an IPO on Friday, February 16th, IPO Scoop reports. The company will issue 1,700,000 shares at $20.00 per share.

In the last twelve months, Aspen REIT generated $45.1 million in revenue and $100,000 in net income. Aspen REIT has a market-cap of $68.4 million.

Maxim Group acted as the underwriter for the IPO.

Aspen REIT provided the following description of their company for its IPO: “(Note: Reg. A+ offering: “Maxim Group LLC, which we refer to as the Lead Agent, is acting as lead managing selling agent to offer the shares to prospective investors on a “best efforts” basis.”) Aspen REIT, Inc. is a Maryland corporation that has been formed to own the St. Regis Aspen Resort in Aspen, Colorado. We are a single-asset REIT and currently intend to own only the St. Regis Aspen Resort. Therefore, an investment in our common stock is an investment in the St. Regis Aspen Resort. The St. Regis Aspen Resort is a full-service luxury hotel located in Aspen, Colorado with an upscale restaurant, a private spa and heated outdoor pool with panoramic views of the Aspen mountainside. The resort is centrally located within walking distance of many of Aspen’s high-end retail shops, restaurants and entertainment and two blocks from the base of Aspen Mountain. The St. Regis Aspen Resort features on-site ski and snowboard rentals, as well as a ski valet service that removes the hassle from transporting equipment to and from the four nearby ski mountains each day. “.

Aspen REIT was founded in 2017 and has 0 employees. The company is located at 96 Spring Street, 6th Floor, New York, New York, 10012, US and can be reached via phone at (646) 780-5451 or on the web at http://www.aspenreit.com.

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