Spanish real estate group Lar is going to debiut on the stock market as a Listed Investment Company in the Property Market (Soicimi) on 6th March, according to the booklet provided by the group to the National Stock Exchange Commission (CNMV).
The real estate group will appear on the stock market through an isuue of 40.000.000 ordinary shares at price of €10 per share.
As the company informed, that “this will be the first listed company since 2011 and the first Socimi listed on the Spanish stock market”. Its placement agent will be JP Morgan.
Orignal article: Cinco Días
Translation: AURA REE