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Lotte REIT To Go Public On Kospi In October (Pulse News)

South Korea’s Lotte REIT, a real estate investment trust under the country`s fifth largest conglomerate Lotte Group, will go public this month to become the country’s biggest REIT listed in the market in terms of assets under management estimated at 1.5 trillion won ($1.3 billion). 

In a press conference on Monday, Lotte REIT announced plans to offer 85.98 million shares at an initial public offering (IPO) price of 5,000 won apiece, the highest price of its IPO price band between 4,750 won and 5,000 won.

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