Advertisement
UK markets close in 57 minutes

  • FTSE 100

    8,437.40
    +56.05 (+0.67%)
     

  • FTSE 250

    20,655.93
    +124.63 (+0.61%)
     

  • AIM

    789.73
    +6.03 (+0.77%)
     

  • GBP/EUR

    1.1620
    +0.0009 (+0.08%)
     

  • GBP/USD

    1.2510
    -0.0014 (-0.11%)
     

  • Bitcoin GBP

    49,784.10
    +773.62 (+1.58%)
     

  • CMC Crypto 200

    1,295.27
    -62.74 (-4.62%)
     

  • S&P 500

    5,220.01
    +5.93 (+0.11%)
     

  • DOW

    39,520.08
    +132.32 (+0.34%)
     

  • CRUDE OIL

    79.35
    +0.09 (+0.11%)
     

  • GOLD FUTURES

    2,369.20
    +28.90 (+1.23%)
     

  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     

  • HANG SENG

    18,963.68
    +425.87 (+2.30%)
     

  • DAX

    18,772.68
    +86.08 (+0.46%)
     

  • CAC 40

    8,227.19
    +39.54 (+0.48%)
     
PROPERTY:

Homes with investment potential

These residential properties could bring in a good ROI

Shares of real estate company Paramount rise in debut

Reuters - UK Focus

Nov 19 (Reuters) - Shares (Frankfurt: DI6.F - news) of Paramount Group Inc rose as much as 5.7 percent in market debut, valuing the owner of San Francisco's landmark One Market Plaza building and Washington DC's Liberty Place at $4.51 billion.

The initial public offering raised $2.29 billion, making it the second-largest IPO of a REIT globally, after Hong Kong's Link REIT (HKSE: 0823-OL.HK - news) 's $2.79 billion public offering in 2006.

The company's shares were priced at $17.50 per each, the mid-point of the expected range.

The shares opened at $18.49 on the New York Stock Exchange and touched a high of $18.50.

BofA Merrill Lynch, Morgan Stanley (Xetra: 885836 - news) and Wells Fargo (Swiss: WFC.SW - news) Securities were among the underwriters to the IPO. (Reporting By Neha Dimri in Bangalore; Editing by Joyjeet Das)