Broadstone Net Lease Inc., which recently confirmed its intention to go public in 2020, confidentially submitted a draft registration statement with the SEC regarding a planned IPO of an undisclosed number of its common shares.
The company expects the planned IPO to begin after the SEC wraps up its review process, subject to market conditions and other factors.
Separately, Broadstone said it has decided to suspend its ongoing private offering of common shares until further notice. It will also terminate its share redemption program and distribution reinvestment plan, effective Feb. 10.
The property company was recently said to be seeking approximately $600 million in an IPO in early 2020.