Ascendas Hospitality Trust has reduced the size of its initial public offering in Singapore. It is now offering 437.325 million stapled securities, a downward revision from initial plans to sell between 506.075 million and 529.648 million units. In its prospectus registered on Wednesday, Ascendas Hospitality said the shares will be priced at S$0.88 per stapled security. Ascendas Hospitality will also...
Ascendas Hospitality Trust
Singapore is set to see the launch of its largest initial public offering (IPO) for the year, with Ascendas Hospitality Trust lodging its preliminary prospectus with the Monetary Authority of Singapore (MAS) to list on the SGX Mainboard. The trust, which comprises a real estate investment trust and a business trust, plans to sell between 506 million and 530 million stapled securities in its IPO to raise...