The lifestyle and resorts company’s trading volume for its first day came in at 9.12 million, with a market capitalization of A$1.65 billion.
GemLife, which Thakral owns a 31.7% effective interest in, raised A$750 million in its IPO, Australia’s biggest listing this year. The post money valuation of the IPO is A$1.58 billion, fully underwritten by J.P. Morgan and Morgan Stanley.
Thakral’s investee company GemLife debuts on Australian Stock Exchange 4.1% higher at A$4.33
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