Realia float cut by a third amid Spanish property slide

The two largest shareholders in Spanish property developer Realia Business have raised about €380m ($512m) less than they had hoped from the flotation of nearly half their stake in the business amid a downturn in the country's real estate market.

Realia's flotation, which was priced last night, raised almost a third less than the company's initial €1.2bn target.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump