UK Residential REIT contemplates options as it fails to hit target by deadline

The investment company, which revealed its intention to float at the beginning of June, was hoping to announce its initial fundraising on 14 July and enter the market on 16 July, according to the prospectus. It will now be discussing options internally, which could include continuing to look for additional potential investors or pull the IPO, a source said. Henry Wilson, director at Buchanan, said: "The investment companies IPO market remains relatively binary with a number of highly successful launches of differentiated new products being balanced by failures. "The secondary marke...