What are the similarities and differences between Reits and IPOs? I read many articles about REITIPO. Is it the same? thank you

Ipo refers to the initial public offering, that is to say, any initial public offering in the open market is an ipo, which is just a form, while reits refer to real estate investment trusts, that is, the ownership of real estate is handed over to the trust, which divides its income right into equal equity certificates, and then trades in the open market. This refers to the specific content. Your so-called REITIPO may want to express the beginning of a reits in a certain market, but since there is no trading place for reits in China, the specific understanding depends on the context in which you read the article.