Keppel DC real estate investment trust (REIT) made a strong debut on the Singapore Exchange (SGX) on Friday (Dec 12), opening at 98 cents per share after the initial public offering (IPO) was oversubscribed by 9.6 times at the closing of the offer. It closed the session at 96.5 cents. Keppel DC REIT is the first data centre REIT to be listed in Asia. It is also the largest REIT IPO in Singapore this...
singapore retis
Singapore developer Soilbuild Group Holdings launched yesterday a S$457.5 million initial public offering of its business space assets, pricing its units at S$0.78 apiece, the lower end of its indicative range. The IPO comes two weeks after two real estate investment trusts had somewhat mixed fortunes on their debut, with SPH REIT gaining 9 per cent but OUE Hospitality Trust ending flat. Soilbuild...
The initial public offering of Perennial China Retail Trust (PCRT) has gained strong interest from both institutional and public investors. PCRT said in a statement that the S$776.2 million IPO was 1.6 times subscribed. The trust added that its initial eight cornerstone investors make up 46.1 per cent - or 516.6 million units - of PCRT upon completion of the offering. Together with the additional units...