Australia's HMC Capital hits lifetime high on launching new IPO

HMC Capital

20/11/2024 23:39

** Shares of HMC Capital  HMC.AX  rise as much as 2.2% to
A$11.99 per share, hitting a lifetime high 
    ** The investment manager launches new ASX-listed digital
infrastructure real estate investment trust, DigiCo REIT, in an
A$2.75 bln ($1.79 bln) underwritten initial public offering
    ** Company says IPO expanded by A$100 mln, following
interest from both institutional and retail investors
    ** Company will own about an 18% stake, worth A$500 mln, in
DigiCo REIT
    ** Shares rise for seventh consecutive session
    ** Stock up about 93.5%, as at 2323 GMT, including day's
moves  


($1 = 1.5370 Australian dollars)

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))