Phillips Edison opens flat in Nasdaq debut

Phillips Edison & Company

15/07/2021 16:48

July 15 (Reuters) - Real estate investment trust Phillips
Edison & Co Inc's  PECO.O  shares opened at $28 in their Nasdaq
debut on Thursday, in line with the offer price, giving the
company a valuation of more than $3 billion.
    The IPO was priced at the lower end of a range announced
earlier.

 (Reporting by Niket Nishant in Bengaluru; Editing by
Ramakrishnan M. and Amy Caren Daniel)
 ((Niket.Nishant@thomsonreuters.com;))