Amazon Warehouse Harbors Ambitions To Go Public: WSJ

Startup ROX Financial LP aims to launch a real estate investment trust via an NYSE initial public offering to acquire Amazon.com Inc AMZN leased 146,000-square-foot Bay Area warehouse, the Wall Street Journal reports.
A publicly traded real-estate company that owns only a single property does not currently exist in the U.S.
The startup aims to grow and own a collection of warehouses to serve Amazon.
It plans to raise $82.5 million from 8.25 million shares at $10 a share. The proposed ticker symbol is "AMZL."
The firm would be starting with one warehouse in Oakley, Calif.
The warehouse prepares orders for the last-mile delivery to Amazon customers.
It includes automated conveyor systems and electrical infrastructure for future vehicle charging stations.
The 25-acre site, built last year, houses a fleet of Amazon delivery vans in a business that competes with United Parcel Service Inc UPS and FedEx Corp FDX.
Price action: AMZN shares traded higher by 0.82% at $3,749.03 on the last check Tuesday.
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