** Shares of Australian data centre landlord, DigiCo Infrastructure REIT DGT.AX, RIC fall as much as 8.8% to A$4.15, in second straight session of losses since listing on Friday
** It is currently trading at A$4.25, 15% below its A$5.00 offer price
** DGT is backed by money manager HMC Capital HMC.AX and its top boss, David Di Pilla.
** HMC Capital down 6.5%, while Sigma Healthcare SIG.AX, whose top investor is HMC, was down 5%
** Morningstar last month gave DigiCo a high uncertainty rating with a fair value estimate of A$3.40 per share.
** IPO price assumes high rates of return, said Morningstar analyst Roy van Keulen, adding that this was unlikely, or unlikely to persist given the competitive nature of the industry
(Reporting by Rishav Chatterjee in Bengaluru; Editing by Sonali Paul)
((Rishav.Chatterjee@thomsonreuters.com;))
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