Axis REIT delays $650M initial public offering until markets calm

08/17/2011 | Wall Street Journal, The

Axis Global Islamic REIT has again delayed its $650 million initial share sale, according to sources. The Shariah-compliant REIT initially had planned to debut on Malaysia's stock exchange in July, then was aiming for mid-August. It is postponing the offering until the markets calm down, a source says.

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Wall Street Journal, The

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