Mapletree Greater China Commercial Trust (MGCCT) - Singapore's largest share sale in two years - jumped by as much as 12.4 per cent on its trading debut on Thursday. The REIT, the fourth sponsored by Mapletree Investments, opened at S$1.02 and closed the session at S$1.03 - some 10.7 per cent higher than its initial public offering price of S$0.93 per unit. The REIT was nearly 30 times oversubscribed and...
Mapletree Greater China Commercial Trust
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...
The stage has been set for Singapore's largest initial public offering of a real estate investment trust (REIT). Mapletree Greater China Commercial Trust has locked in a top price of 93 cents a share for its IPO, and it will raise up to S$1.7 billion from the listing. The offering is Singapore's largest IPO in two years, since Hutchison Port Holdings Trust raised US$5.5 billion in March 2011. It is also...