Home Reit raises £240m against tough IPO backdrop

By Aidan Gregory
08 Oct 2020

Home Reit will become the first London-listed real estate investment trust dedicated to providing accommodation for the homeless, following the successful completion of its £240.5m IPO on Thursday.

The final amount raised is just shy of the £250m target that Home Reit outlined in its intention to float document, against a volatile market backdrop over the past couple of weeks.

Home Reit has sold 240.57m new shares a 100p a share. The shares will begin ...

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