Phillips Edison opens flat in Nasdaq debut

  • 7/15/2021
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July 15 (Reuters) - Real estate investment trust Phillips Edison & Co Inc’s shares opened at $28 in their Nasdaq debut on Thursday, in line with the offer price, giving the company a valuation of more than $3 billion. The IPO was priced at the lower end of a range announced earlier. (Reporting by Niket Nishant in Bengaluru; Editing by Ramakrishnan M. and Amy Caren Daniel)

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