In deep commitment to its customers, COL Financial, Inc. will make up the AREIT sell orders of Php 2.90 difference between the IPO offer price of Php 27.00 and Friday's closing price of Php 24.10. This is provided that the customer sell orders were priced within the trading range of the day.
Several customers of COL, MyTrade and other online stockbroker firms complained about not being able to trade AREIT shares on listing day.
AREIT, the country’s first ever REIT listing, opened at its IPO price of P27 per share but closed 7.8% lower on its debut Thursday at P24.90.
Source: Peso Economics
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