Market news —
D.com-Backed Group Is Said Near to REIT IPO Filing in Singapore
A group including JD.com Inc.’s asset management arm and Switzerland’s Partners Group Holding AG is preparing to file confidentially for an initial public offering of a real estate investment trust in Singapore, people with knowledge of the matter said....read more on Bloomberg
The REIT, which will also have Southeast Asian assets of Hillhouse-backed EZA Hill Property Management Pte, could raise about S$1 billion ($775 million) in an IPO, Bloomberg News reported in March. Bank of America Corp., DBS Group Holdings Ltd. and UBS Group AG are working on the deal.
A draft registration is likely to soon be submitted to the Monetary Authority of Singapore and local stock exchange, according to the people, who asked not to be identified because the information isn’t public. Considerations are ongoing and timings might change, they said.