Invitation Homes Inc
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Mid Cap Blend
Company profile

Invitation Homes Inc. is a real estate investment trust. The Company owns and operates single-family homes for lease in the United States. With approximately 80,000 homes for lease in 16 markets across the United States, the Company has built a vertically integrated operating platform that enables to acquire, renovate, lease, maintain, and manage its homes. The Company's segment relates to acquiring, renovating, leasing and operating single-family homes as rental properties, including single-family homes in planned unit developments. The Company's home averages approximately 1,850 square feet with three bedrooms and two bathrooms. The Company's business activities encompasses property operations, marketing, leasing, digital marketing, resident relations, property maintenance, investment and asset management functions.

Postmarket

Last Trade
Delayed
$27.57
0.31 (1.14%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$27.26
Day's Change
-0.14 (-0.51%)
Bid
--
Ask
--
B/A Size
--
Day's High
27.41
Day's Low
26.87
Volume
(Average)
Volume:
2,874,474

10-day average volume:
2,810,147
2,874,474

Facebook co-founder's Asana caps wild day of IPO plans with filing for a direct listing

5:44 pm ET August 24, 2020 (MarketWatch)
Print

Asana Inc., a software "unicorn" started by a Facebook Inc. (FB) co-founder, formally announced its intention to list its shares on the public markets Monday afternoon, capping a wild day for software filings. Asana was at least the fifth software startup to announce its intention to go public Monday, following filings from Snowflake Inc (http://www.marketwatch.com/story/highly-valued-software-startup-snowflake-files-for-ipo-2020-08-24)., Unity Software Inc (http://www.marketwatch.com/story/unity-software-files-for-ipo-with-plans-to-list-on-nyse-under-ticker-u-2020-08-24)., Sumo Logic (http://www.marketwatch.com/story/software-company-sumo-logic-files-for-ipo-plans-to-list-on-nasdaq-under-ticker-sumo-2020-08-24) and Jfrog Ltd. Asana is taking a different route than the others with a direct listing, which fellow workplace-communications and -organization software company Slack Technologies Inc. (WORK)also employed to go public (http://www.marketwatch.com/story/slack-non-ipo-5-things-to-know-about-the-direct-listing-2019-04-26). Asana was co-founded by Facebook co-founder Dustin Moskovitz 11 years ago, and he still runs the company as president, chief executive and chair and will maintain a voting majority with supervoting shares similar to the control wielded at Facebook by one of the other co-founders of that company, Mark Zuckerberg. Asana revenue nearly doubled in its 2020 fiscal year, which ended Jan. 31, rising to $142.6 million from $76.8 million. Net losses more than doubled, however, increasing to $118.6 million from $50.9 million in the 2019 fiscal year. The pattern held in the first three months of the current fiscal year, which ended April 31 -- revenue gained to $47.7 million from $28 million, while losses increased to $35.8 million from $15 million. Asana expects to list its shares on the New York Stock Exchange under a still-to-be-determined ticker symbol, and has enlisted Morgan Stanley, J.P. Morgan, Credit Suisse and Jefferies as financial advisers in the transaction, according to Monday's filing with the Securities and Exchange Commission (https://www.sec.gov/Archives/edgar/data/1477720/000119312520228462/d855753ds1.htm#toc855753_20).

-Jeremy C. Owens; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

August 24, 2020 17:44 ET (21:44 GMT)

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