The DOMO REIT has obtained the approval of the Coordination and Listings Committee of the Alternative Stock Market (MAB), clearing the way for its IPO.
Through its approval, the Committee confirms that DOMO ACTIVOS meets the listing requirements and will start trading once it is green lit by the MAB Board of Directors. Once this approval is obtained, it will be listed in the recently created sub-segment called “REIT in Development”, where REITs that set aside less than 70% of their assets to rental are traded.
This business model lets shareholders partake in the advantages and yields offered by traditional REITs, together with the returns offered by real estate development and construction.
The Company’s Board of Directors has set a reference value for each of its shares of 2 euros, which equates to a market capitalization of 7 million euros.
The REIT will debut on the exchange with a single holding, a plot located in the Ensanche de Vallecas, purchased in March 2017, where a building with rent-to-own units will be built.