Spain's Realia has raised EUR 783 mln in an initial public offering that missed the company's goal of EUR 7.9 to EUR 9.7 per share because of the slowing property market in the country. Realia, the first Spanish developer to seek a listing this year, sold its shares at a price of EUR 6.50 each, the Madrid-based company said on Tuesday. Fomento de Construcciones & Contratas (FCC) and Caja Madrid, which jointly own the company, had aimed to sell the shares for EUR 7.9 to EUR 9.7 a share.
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