Oaktree’s Store Capital files for $500m IPO


nyPrivate equity-backed real estate company Store Capital Corp has filed to raise $500m via an IPO on the New York Stock Exchange.

Goldman Sachs, Credit Suisse and Morgan Stanley are acting as underwriters for the IPO, according to a document filed with the US Securities and Exchange Commission.

Store Capital, which is backed by buyout house Oaktree Capital Management, will trade under the symbol STRE.

The company did not say how many shares it was looking to sell and at what price.

Oaktree invested $400m in the company at the time of its launch in 2011.

It was previously reported that Store Capital was looking to raise between $300m and $500m via an IPO, which could value it at around $2bn.

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