SPH REIT debuts at 9% above IPO price. Wednesday, 24 July 2013 - TopicsExpress



          

SPH REIT debuts at 9% above IPO price. Wednesday, 24 July 2013 15:02 SPH Reit, the retail real estate investment trust spun off from Singapore Press Holdings (SPH), started trading on the Singapore Exchange at $0.98 at 2pm on Wednesday, 8.9% over its IPO price of 90 cents per unit, reported The Business Times, one of the dailies owned by SPH. The offering, which issued about 560 million units to cornerstone investors as well as institutional investors, other investors, and the public in Singapore, raised about S$504 million at the top of its indicative range. It was 37 times subscribed, drawing keen interest from both the placement tranche and the public offer. Meanwhile, SPH was trading at $4.33 at 2pm, up 2 cents. OUE Reit is expected to commence trading on the SGX at 2pm on Thursday.
Posted on: Wed, 24 Jul 2013 23:21:09 +0000

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