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Eola Property Cancels $675M IPO

Eola Property Trust is withdrawing its $675 million initial public offering.

Eola Property Trust is withdrawing its $675 million initial public offering (IPO), Reuters reports. The Florida-based commercial real estate investment trust (REIT) has filed with the U.S. regulators for the same.

BofA Merrill Lynch, Barclays Capital and Wells Fargo Securities were appointed as underwriters of the offering. The Florida-based commercial real estate investment trust intended to use the sale proceeds to repay debts and acquire properties.

Click here for the story from Reuters.

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