(Reuters) – Australia’s HMC Capital-backed data centre enterprise DigiCo REIT was largely flat in its market debut on Friday.
Shares of the company opened at A$4.98 per share, in distinction with the present price of A$5 each. The stock traded in a good fluctuate between A$4.96 and A$5.10 via the primary half-hour of shopping for and promoting.
DigiCo purchased 399.1 million shares and raised virtually A$2 billion ($1.27 billion) throughout the preliminary offering — the nation’s largest since 2018 — with an A$2.75 billion market capitalisation {and professional} forma enterprise valuation of A$4.24 billion, primarily based on its filings.
HMC Capital mounted its contribution at A$500 million value of shares, making it the most important shareholder with an 18.21% stake.
($1 = 1.5713 Australian {{dollars}})
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