(Reuters) - Singapore's biggest sovereign wealth fund GIC GIC.UL is looking to kick off an initial public offering of its logistics business around the fourth quarter to raise at least S$1 billion ($707 million), sources close to the deal told Reuters.It is set be the biggest IPO in Singapore since CapitaMalls Asia (CMAL.SI) raised $2 billion late last year and will allow the world's fourth-biggest sovereign fund to raise cash for further investments.
JPMorgan (JPM.N) and Citigroup (C.N) are advising GIC, the Government of Singapore Investment Corp, on the deal. Full Story
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