As of this Thursday, November 26th, social housing impact fund Inclusio has launched its IPO of Euronext Brussels. This IPO marks a truly important Impact Finance milestone, by putting one of the first impact finance products on the stock market.
Aside from listed equity funds focused on investing in impactful companies already listed on the stock market, not many real impact finance products had yet made it all this way. While Impact Finance has made great strides, having a first product listed on the stock market is a strong step forward in the current shift towards more sustainable and conscious investing. We at KOIS are very proud to have reached this step, which was one of the key milestones already defined at inception when we were designing the product 7 years ago.
Inclusio will list 2,803,738 shares under the symbol “INCLU” at 21.40€ a share. This IPO will on the one hand allow Inclusio to benefit from additional means, while providing flexibility to investors to move in or out of their investments without jeopardising the social impact of Inclusio. It also allows any person, however large or modest their wealth to own shares of a product with a truly positive & regularly measured impact, while making a return at the same time.
In fact, Inclusio is a unique real estate player on the stock market. It offers a concrete and measured long-lasting social and environmental impact as the only Belgian listed company exclusively active in affordable rental housing. Inclusio’s projects are designed with social & environmental impact in mind, and backed by an operating model offering stable and comfortable returns. Inclusio’ long-term renting strategy has provided an average 4.2% gross returns on its current operating portfolio.
Moreover, Inclusio is both benefitting from a low risk market, as affordable housing remains in critical supply; and from the major trends supporting the residential & affordable housing sector.
At KOIS, this IPO makes us very hopeful for the future of impact finance, as it opens the door for many more impact products to make their way to the stock market, and for any investor to use their capital for socially & environmentally positive projects, without compromising financial returns.
For all information on Inclusio’s IPO, please see the press release: