Real estate investment trust Invitation Homes Inc is rumoured to have sold 77 million shares at $20 each in its initial public offering. While we await confirmation of the IPO, which would be the largest for more than 12 months, it does show a growing appetite for fundraising. Over the last few days we have seen communications app Snapchat announcing plans for an IPO which would value the company at in excess of $20 billion. So, what does the Invitation Homes Inc fundraising exercise say about the market and the real estate sector? Read full article
