Australia's stock market, which has been facing a downturn in initial public offerings (IPOs) over the past two years, is on the brink of a significant change. The proposed reform involves introducing a two-class stock trading system, a structure that is already popular on global platforms such as the New York Stock Exchange (NYSE) and the London Stock Exchange (LSE). However, this initiative by the Australian Stock Exchange (ASX) has sparked heated debates among market participants.

SmartStop Self Storage REIT Inc. has announced its intention to raise approximately $972 million through an initial public offering (IPO) as it targets a listing on the New York Stock Exchange (NYSE). This move is significant not only for the company but also for the entire real estate sector.