Homeplus Reit pulls $1.5bn IPO on weak demand

South Korean supermarket chain Homeplus Stores has cancelled the potential W1.73tr ($1.5bn) IPO of its Homeplus Real Estate Investment Trust.

  • By Jonathan Breen
  • 15 Mar 2019

The Reit pulled its listing, which was set to be priced on Thursday, after not being able to attract as much foreign interest as hoped, according to source familiar with the matter.

Citi and Goldman Sachs were joint sponsors of the IPO, which comprised 345.47m units, equal to ...

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