News Snapshot:
GLP C-REIT has become the first logistics Real Estate Investment Trust to float its shares on the Shanghai Stock Exchange (SSE) after it raised over 5.8 billion yuan ($910 million) in an initial public offering (IPO) on Monday. GLP C-REIT sold 1.5 billion shares at a price of 3.89 yuan apiece in the oversubscribed IPO. On Tuesday, the shares opened at 3.97 yuan and closed at 3.90 yuan. GLP C-REITâs shares are listed under the symbol â508056â on the Stock Exchange of Shanghai. Chinese investment firm China International Capital Corporation Limited (CICC) served as the lead underwriter of the IPO....