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Paramount Group raises US$2.3b in IPO

Thursday, November 20, 2014 - 05:50

New York

PARAMOUNT Group Inc, an office landlord, has raised US$2.3 billion in its initial public offering, the largest ever for a US real estate investment trust.

The New York-based company priced 131 million shares at US$17.50 each. Listed on the New York Stock Exchange under