Prime US Reit nets $612m from Sing IPO

Jonathan Breen

July 16, 2019 07:30 am

SGX Singapore Stock Exchange_230px — (160727) -- SINGAPORE, July 27, 2016 (Xinhua) -- A staff member walks past an office in Singapore Exchange (SGX), July 27, 2016. SGX on Wednesday announced net profit of 349 million Singapore dollars (about 257 million U.S. dollars) for the full financial year 2016, unchanged from the previous year. (Xinhua/Then Chih Wey) ****Authorized by ytfs**** (Photo by Xinhua/Sipa USA) | Xinhua/SIPA USA/PA Images

Prime US real estate investment trust has bagged S$829.7m ($611.6m) from its Singapore IPO, becoming the third pure US property Reit to list in the city-state this year.

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Credit Suisse Equity IPOs Equity Bank of America China International Capital Corp Asia Southeast Asia Singapore Asean Asia Pacific Emerging Markets DBS Maybank

JB

Jonathan Breen

Equities editor GlobalCapital Asia