NetLink NBN Trust says IPO 2 times subscribed

SINGAPORE (July 18): The trustee-manager of NetLink NBN Trust says total subscriptions valued at $4.7 billion were received, representing a subscription rate of two times.

NetLink NBN Management says its initial public offering of about 2.9 billion units was oversubscribed, with "strong support from both institutional and retail investors".

Priced at 81 cents per unit, the offering comprised an international placement of 2.7 billion units to investors, including institutional and other investors in Singapore and an offering of 185 million units to the public in Singapore.

---

Related Stories

• Temasek-backed UST seeks to raise at least US$500 million in IPO
• With IMDA price review complete, analysts cheer 'long-award closure' for 'very attractive' Netlink NBN Trust
• Regular BDC winner Venture Corp triumphs again

---