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Keppel-KBS US REIT says public tranche 6.7 times subscribed

IPO

Keppel-KBS US REIT says public tranche 6.7 times subscribed

PC Lee Published on Wed, Nov 08, 2017 / 7:57 PM GMT+8

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SINGAPORE (Nov 8): The manager of Keppel-KBS US REIT says its Initial Public Offering of 262.8 million units attracted positive demand from both institutional and retail investors.

See: Keppel-KBS US REIT launches US$533.1 mil IPO

At the close of the Public Offer at 12 noon on Tuesday, 9,064 valid applications for a total of 227.8 million units amounting to US$200.4 million ($273 million) were received, resulting in the Public Offer being 6.7 times subscribed, says Keppel-KBS US REIT Management.