IVT Stock Surges In Public Debut

By Amit Chowdhry ● Oct 13, 2021
  • The stock price of InvenTrust Properties Corp. (NYSE: IVT) increased by over 52% in its market debut yesterday. These are the details.

The stock price of InvenTrust Properties Corp. (NYSE: IVT) increased by over 52% in its market debut yesterday. InvenTrust Properties had announced that its shares of common stock have been listed and commenced trading on the New York Stock Exchange (NYSE) under the symbol “IVT” as of the market open.

And in connection with the listing of its shares of common stock on the NYSE, the members of InvenTrust’s management team rang “The Closing Bell” at 4:00 p.m. EST yesterday at the NYSE to commemorate the first day of trading.

InvenTrust Properties Corp is known as a retail REIT which owns, manages, leases, redevelops and acquires open-air grocery-anchored shopping centers in Sunbelt markets.

KEY QUOTE:

“Today, the Board of Directors, the executive management team, and our employees celebrate InvenTrust’s listing on the NYSE. I am incredibly proud of my team on this accomplishment and excited to bring this platform of premier Sun Belt, grocery-anchored assets to the public markets. We believe our strong and flexible balance sheet provides a unique opportunity for self-funded growth over the next couple of years.”

— Daniel (DJ) Busch, President and Chief Executive Officer of InvenTrust

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.