Aina Le’a IPO watch: According to the prospectus filed with the Securities and Exchange Commission on July 27, 2012, the real estate operator intends to list its common stock on The NASDAQ Global Select Market under the symbol “AINA.” The proposed maximum aggregate offering price is $37.5 million.
Aina Le’a, formally named as Nevada, converted into the current name on February 6, 2012, is a real estate development, syndication, asset management and services firm engaged in the operations of unimproved real property and unimproved land.
Aina Le’a intends to use the net proceeds from the sale of the common stock in the public offering for capital expenditures and for general corporate purposes or to acquire approximately 1,000 acres of real property.
Aina Le’a IPO