The IPO also saw strong retail interest; the public tranche closed ahead of schedule and was 535.2 times subscribed, according to a Sept 12 announcement.
CapitaLand Commercial C-REIT’s (CLCR) upcoming initial public offering (IPO) on the Shanghai Stock Exchange has attracted 254.5 times subscription coverage from offline institutional investors in the bookbuilding tranche, marking a record high among retail C-REITs in China.
In China, institutional investors participating in the bookbuilding exercise are referred to as offline institutional investors, while those subscribing through the public tranche are known as online institutional investors.
