Market news —
UI Boustead Reit IPO public tranche 2.9 times subscribed
The public tranche of UI Boustead Real Estate Investment Trust’s (Reit) initial public offering (IPO) – the first mainboard and Reit listing on the Singapore Exchange in 2026 – was 2.9 times subscribed, its manager said on Wednesday (Mar 11)....read more on The Business Times
The IPO of 677.2 million units at S$0.88 apiece – excluding the allotment option – comprised a public offer of 33.9 million units and an international placement of 643.3 million units.