GDI Property Group drops 10% on debut

DataRoom: Aust’s largest real-estate IPO of year bucks trend of first-day rise.

Australia’s largest real estate IPO of the year, the $567.6 million float of GDI Property Group, has fallen 10% on its debut, bucking a broader market rise.  

At 1205 AEDT, five minutes after listing, GDI fell 10% to 90 cents, against a benchmark index increase of 0.46%. 

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Amanda Saunders

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