Sasseur Reit launches S$396m IPO, leans on cornerstones

By Jonathan Breen
08 Mar 2018

Chinese outlet mall trust Sasseur Reit has kicked off a fixed price bookbuilding for its S$396m ($301.3m) Singapore IPO, placing nearly half the deal with cornerstone investors.

The IPO comprises 495m units, representing 42% of the issuer’s post-listing stock of 1.18bn units. The units are up for grabs at S$0.8 apiece, giving Sasseur Reit a potential market capitalisation of S$944.2m. The offer also has a 35.4m unit over-allotment option.

The forecast yield per unit is ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial