Mindspace Reit sets IPO price range ahead of launch next week

By Jonathan Breen
22 Jul 2020

Mindspace Business Parks Real Estate Investment Trust has finalised the price guidance for its up to Rp45bn ($603.9m) IPO in India, set to be launched next week.

The trust is aiming to raise Rp10bn in fresh equity, while existing shareholder plan to rake in about Rp35bn from the sale of some of their existing units. 

The stock will be on offer at a tight range of Rp274 to Rp275 apiece. Mindspace will kick off a three-day ...

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