Indiabulls Properties Investment Trust has raised S$262 million from its initial public offering after pricing its units at S$1 each. This is at the lower end of its indicative range of S$1.00 to S$1.10. Analysts said the lower pricing could be a sign of a subdued IPO market. Indiabulls had offered 262 million units to investors. It also extended the closing date for its IPO to Friday, June 6. Based on...
Indiabulls Properties Investment Trust
Indiabulls Properties Investment Trust has extended the closing date for its initial public offering to June 6. Analysts are reading the extension as a sign of a subdued market for IPOs. Indiabulls had offered 262 million units at a range of S$1.00 to S$1.10 each. If the units are priced at the top end of the indicative range, the IPO would have raised S$289 million. Based on the minimum offering price...