May 06, Colombo : Prime Lands Residencies Limited, the condominium property arm of Prime Group, the ‘Maestro of Real Estate Artistry’ in Sri Lanka, recently debuted its Initial Public Offering (IPO) and will now be allowing potential investors the ability to submit applications for the IPO from the safety and comfort of their homes, through their website www.ipo.primeresidencies.lk. The IPO is being offered at a 40% discount allowing investors to reap a significant capital gain. Commenting on the launch of the IPO, Premalal Brahamanage, Group Chairman of Prime Lands Residencies, stated, “It is a truly momentous moment for Prime Lands, as we launch our Initial Public Offering. COVID-19 has changed the industrial landscapes around the country, especially affecting the real estate industry, thereby severely accelerating the need for bringing in digital avenues to all offerings. Having clearly understood this, we at Prime Lands are delighted to offer a digital solution that enables prospective investors to secure their participation in the IPO from the safety and security of their households.

Source: The Nation May 06, 2021 13:52 UTC