SUBSCRIBERS
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Half of German housing construction firms short on orders
China’s housing mess finally hits Xi’s interest
A way to beat high mortgage rates is to take over someone else’s loan
With China’s property market struggling, India, South Korea and Vietnam are hot
Shophouse sales surge and at higher prices in Q1 as high-net-worth investors return: Knight Frank
Sony’s plans for Paramount include sale of famous studio lot