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28 May 2012

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Berlin's GSW achieves E468m IPO at 2nd attempt

Berling housing firm GSW has achieved its IPO at second attempt, raising E468m after setting the price at E19 per share. It placed 24.6m shares, including 6.05m from a capital increase, 15.35m initially from owners Cerberus and Whitehall Funds, plus another 3.21m in an over-allotment from them. Its shares rose above E20 at first listing today

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