Accelerate Property Fund raises R1.9bn prior to next Thursday's listing

Posted On Friday, 06 December 2013 18:29 Published by
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Accelerate Property Fund raises R1.9bn by placing 385-million shares at R4.88 each prior to its listing on the JSE next Thursday.

Michael Georgiou
Accelerate Property Fund has raised R1.9bn by placing 385-million shares at R4.88 each prior to its listing on the JSE next Thursday.
 
Accelerate said due to the significant demand‚ underwriter FirstRand (FSR) was not required to purchase any shares. Accelerate plans to issue 639-million shares when it lists.

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