The investment bank, part of Royal Bank of Canada, has become the first lead adviser of London’s new property stock exchange.
IPSX lead advisers are appointed by issuers to help support them through the initial public offering process on admission to trading.
Charlie Foster, managing director and head of European real estate at RBC, said: “IPSX represents a highly significant innovation in the commercial real estate world and will provide owners and investors alike with an important new opportunity for capital raising and investment.”
RBC Capital Markets is well-established in capital markets across North America, Europe, and the Asia-Pacific region, with 66 offices in 17 countries, and over 7,800 employees.
IPSX has yet to see its first IPO although talks are ongoing with several parties over listing on the exchange, including owner occupiers, sovereign wealth funds, major quoted real estate and private real estate funds.
By using IPSX, building owners will be able to sell part of a building in the form of shares, to increase liquidity and gain funds without relinquishing control.
Listen to our podcast with Anthony Gahan, founder of IPSX, to find out what it was like getting the real estate stock exchange off the ground, how it’s going to work and more.