US Reit listing lights up SGX as virus takes toll on ECM

Singapore adobe stock AS 230x150
By Jonathan Breen
27 Feb 2020

United Hampshire US Real Estate Investment Trust has launched Singapore’s second Reit listing of the year. The deal comes as volatility around the world has brought many IPO markets to a halt, with investors looking for safe-haven opportunities. Jonathan Breen reports.

United Hampshire hit the market on Wednesday with its IPO. It is aiming to raise $323.6m from an 82% public float, which will give it a market capitalisation of $394.6m.

But strong pre-deal interest from institutional investors and private banks meant United Hampshire opened bookbuilding with a ...

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