CLCR is China’s first international-sponsored retail C-REIT. Its offline institutional tranche was oversubscribed 253 times earlier this month, setting a new record among retail C-REITs in China. The IPO also saw strong retail interest, with the public tranche closing ahead of schedule and being 535.2 times subscribed.
CapitaLand Commercial C-REIT (CLCR), CapitaLand Investment’s (CLI) eighth listed fund, opened 19.6% higher than its initial public offering (IPO) price at RMB6.84 on the Shanghai Stock Exchange (SSE) Sept 29, before closing at RMB6.44, up 12.63% on its debut trading day.
CLCR raised RMB2.29 billion ($409 million) by issuing 400 million IPO units at RMB5.718 per unit, exceeding the initial estimate of RMB2.14 billion by 7%. Based on the IPO price, CLCR’s forecast distribution yield is 4.40% for FY2025 ending Dec 31 and 4.53% for FY2026.
