A sell-down by so-called instant gratification investors, disappointed by initial trading in the newly launched DigiCo Infrastructure REIT, sent shares crashing in the data centre landlord for the second day in a row on Monday.
The oversubscribed and upsized $2 billion IPO – the biggest of 2024 – has only briefly traded above its offer price of $5 after hitting the ASX at noon on Friday.
Source: https://www.afr.com/property/commercial/instant-gratification-investors-drive-14pc-fall-in-data-centre-float-20241216-p5kyol