GemLife jumps 6% in trading debut after Australia's biggest IPO this year

Reuters

2025/07/03

SYDNEY, July 3 (Reuters) - Australian retirement resorts operator GemLife Communities Group GLF.AX rose 6.3% on Thursday as the company started trading on the Australian Securities Exchange after raising A$750 million ($493.1 million) in its initial public offering.

($1 = 1.5209 Australian dollars)

(Reporting by Scott Murdoch and Himanshi Akhand; Editing by Mrigank Dhaniwala)

((Scott.Murdoch@thomsonreuters.com;))

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