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German LEG raises 1.3 billion euros in nation's first stock listing for 2013

AFP
February 2, 2013, 12:05 am TWN

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FRANKFURT -- Shares in German property group LEG Immobilien began trading on the stock exchange Friday in the first stock market listing in Germany this year.

LEG Immobilien, which manages a portfolio of 91,000 rented flats and apartments around Germany, said in a statement it issued more than 30 million shares at a price of 44 euros (US$59) in its initial public offering (IPO) on Thursday for total value of 1.3 billion euros.

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