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‘Instant gratification’ investors drive 14pc fall in data centre float

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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. 

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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com

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    Original URL: https://www.afr.com/property/commercial/instant-gratification-investors-drive-14pc-fall-in-data-centre-float-20241216-p5kyol