Another participant in the feeding frenzy that is the IPO market right now is National Storage REIT.
An investment in this float is probably more for those interested in income via distributions rather than the excitement of stag profits on the opening day of trading. This business looks like the more boring but stable kind.
According to the prospectus, the REIT "will be the first independent, internally managed and fully-integrated owner and operator of self-storage centres listed on the ASX".
The group currently owns or operates 62 self-storage centers across Australia.
The offer is for 126.3 million stapled securities at a price of 98 cents each.
