Spanish real estate developer Realia has decided to set the maximum share price of its initial public offering (IPO) at EUR 8.8 per share, down from the top price of EUR 9.7 outlined in its first IPO notice. The company had indicated a price range of between EUR 7.9 and EUR 9.7.The listing will value the Madrid-based company at some EUR 2.44 bn. The final offering price will be announced on 4 June, two days before the stock is likely to start trading for the first time.
Premium subscriber content – please log in to read more or take a free trial.
