Of the approximately 677.17 million units offered at 88 cents each, the IPO attracted a total subscription of 2.22 billion units. The retail tranche of 33.9 million units was 2.9 times subscribed. This issue opened at 80.5 cents on March 12 and ended the day at 80.5 cents.
Singapore’s industrial REIT space is poised to be more crowded with the listing of UI Boustead REIT (SGX:UIBU
) .
With 23 properties under its belt, 21 of which are leasehold in Singapore and two freehold in Japan, its entire portfolio is valued at $1.9 billion.
