OUE Commercial Reit launches IPO, plans to raise $346.4m
The commercial property trust of real estate group Overseas Union Enterprise will make its trading debut on the Singapore Exchange (SGX) on Jan 27.
OUE Commercial Real Estate Investment Trust (OUE C-Reit) is the first initial public offering (IPO) to be listed on the SGX mainboard this year.
It will offer 208 million units, comprising 56.25 million units that will be made available the public and 151.75 million units under the placement tranche.
The offering price of each unit is 80 cents.