Pexa Has Muted Debut After Australia’s Biggest IPO This Year
- Online property exchange rises 0.1% from IPO price to A$17.15
- Company raised about A$1.2 billion in initial public offering
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Online property exchange Pexa Group Ltd. finished 0.1% higher in its trading debut on Thursday after raising about A$1.2 billion ($899 million) in Australia’s largest initial public offering so far this year.
Shares closed at A$17.15, compared to the IPO price of A$17.13, putting Pexa’s market capitalization at A$3.04 billion, data compiled by Bloomberg show.