Retirement housing provider GemLife makes strong ASX debut
The company offers housing to baby boomers under a structure where people buy the house and not the land.
The model suits retirees who are downsizing and need cash to top up their pension balances.
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Shares in retirement village operator GemLife enjoyed a successful debut on the ASX today with the shares jumping almost 6% over the issue price.
At A$750 million ($812m), GemLife is the biggest initial public offer to hit the ASX so far this year – topping the A$685m raised by airline Virgin –
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