Logistic Properties Files Draft Registration Statement for Potential IPO

Logistic Properties of the Americas has filed a draft registration statement for a potential public offering of its common stock. The offering size, pricing, and timing are undecided and subject to market conditions. The company, which specializes in industrial and logistics real estate, filed the statement with the SEC on Form F-1. Shares were down 0.13% Friday pre-market to $7.84.

Logistic Properties of the Americas (NYSE: LPA), an industrial and logistics real estate company, has filed a draft registration statement with the Securities and Exchange Commission (SEC) for a potential public offering of its common stock. The offering size, pricing, and timing are yet to be determined and will be influenced by market conditions. The company filed the statement on Form F-1.

The stock experienced a slight decline of 0.13% in Friday's pre-market trading, settling at $7.84. Despite the recent dip, the stock has shown resilience, trading at $8.00 during mid-day trading on Wednesday [2].

The company operates in high-growth and high-barrier-to-entry markets in Central and South America, with a focus on Colombia, Peru, and Costa Rica. LPA’s customers include multinational and regional e-commerce retailers, third-party logistic operators, and retail distribution companies. As of September 30, 2024, the company’s operating and development portfolio comprised 31 logistics facilities totaling over 491,000 square meters of gross leasable area [3].

In addition to the potential public offering, LPA has recently authorized a 12-month share repurchase program. The program, which may be discontinued at any time, aims to repurchase up to $10 million of the company’s outstanding ordinary shares. The shares will be funded using cash from operations and held in the company’s treasury [3].

The move to file for a public offering could signal LPA’s confidence in its business prospects and its commitment to delivering long-term value to shareholders. However, the stock’s recent performance and the company’s financial health should be closely monitored by investors.

References:
[1] https://seekingalpha.com/news/4456161-logistic-properties-files-for-potential-public-offering-of-common-stock
[2] https://www.marketbeat.com/instant-alerts/latam-logistic-properties-nyseamericanlpa-stock-price-down-2-should-you-sell-2025-06-05/
[3] https://www.businesswire.com/news/home/20241122801111/en/Logistic-Properties-of-the-Americas-Announces-Board-Approval-of-Share-Repurchase-Program