HONG KONG, Feb 15 (Reuters) - Mapletree Greater China Commercial Trust unveiled on Friday details of an up to $1.3 billion initial public offering, the largest ever for a real estate investment trust in Singapore.
The deal is significant due to its size and its timing, as investors and bankers hope the success of the offering is a harbinger for future IPOs in Asia, following a dismal 2012.
The trust is offering about 1.73 million units in a range of S$0.88-0.93 each, putting the total deal at up to S$1.6 billion ($1.3 billion), according to a prospectus of the IPO filed on Friday. Full story
