Australian data centre firm DigiCo REIT largely flat in trading debut
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 13 2024
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Source: Reuters
Market Debut Performance: DigiCo REIT, backed by HMC Capital, had a flat market debut with shares opening at A$4.98, slightly below the offer price of A$5, and trading within a narrow range shortly after.
Initial Offering Details: The company raised nearly A$2 billion through the sale of 399.1 million shares, marking Australia's largest initial offering since 2018, with HMC Capital holding an 18.21% stake as the biggest shareholder.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
