The IPO raised over RMB2.1 billion ($390 million), based on 800 million shares priced at RMB2.628 per share. ESR C-REIT has 12 cornerstone institutional investors for its IPO, with ESR retaining a 41% stake.
ESR Group’s subsidiary ESR China REIT (EST C-REIT) has completed its initial public offering (IPO) and is now listed on the Shanghai Stock Exchange.
ESR Group is the sponsor of several Singapore-listed REITs including ESR-LOGOS REIT (SGX:J91U
) (E-LOG) and Sabana Industrial REIT.
