Mapletree’s China-focused REIT IPO nearly 30 times subscribed

The initial public offering of Singapore’s largest real estate investment trust has been fully snapped up.

Units of Mapletree Greater China Commercial Trust is nearly 30 times subscribed at the close of the public offer.

The Reit offered a total of about 776.6 million units at 93 cents each, raising some S$1.7 billion.

There was strong demand for both the placement and public tranches.

And even the 50.3 million reserve units offered were over-subscribed.

The Reit will make its trading debut in the Singapore Exchange on Thursday.

Source : Channel NewsAsia – 5 Mar 2013

COMMENTS