Cushman & Wakefield, the global commercial real estate services firm, has become the latest approved valuer to join IPSX, the International Property Securities Exchange, which operates the world’s first regulated securities exchange dedicated to commercial property. Cushman & Wakefield joins a panel of leading global advisors for prospective issuers to choose from in seeking admission to IPSX.
Although investor demand in the wider capital markets will ultimately drive the market price for companies traded on IPSX, these approved valuers provide independent assessments on the value of the real estate proposed for IPO, complementing the financial, management and strategic information provided in the IPO prospectus. Together, these disclosures offer investors a comprehensive suite of information on the company seeking admission to IPSX.
IPSX members are firms who play a key role in the exchange and have met the membership eligibility criteria under the IPSX rules for members. Members that are approved valuers produce a valuation report at the time of the IPO which is updated every six months and reflects the requirements of the Royal Institution of Chartered Surveyors (“RICS”) “Red Book” as well as IPSX’s rules for issuers.
IPSX Group Limited is a market infrastructure and data products business established in 2014 and dedicated to real assets – initially real estate. Its wholly owned subsidiary, IPSX UK Limited is designated as a Recognised Investment Exchange by the FCA and will operate a regulated market in the UK.
IPSX’s shareholders include major international real estate investment groups and private equity investors representing the majority of the shareholder base alongside IPSX directors, employees and other private investors.
Source : IPSX