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Paramount Group raises US$2.3b in IPO
Published Wed, Nov 19, 2014 · 09:50 PM
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 PGRE, the shares climbed 5.2 per cent to US$18.41 as of 10.04 am New York time.
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