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Sabana REIT: IPO at $1.05/share.

Friday, November 19, 2010



The retail tranche of the IPO, which starts later on Friday, will close on Nov 24 and the units will begin trading on Nov 26, IFR added. Sabana controls 15 industrial properties in Singapore with an aggregate floor area of about 3.3 million square feet.

The manager of the REIT had forecast in a draft prospectus a distribution yield of 8.45% for 2011 and 8.48% for 2012 based on the minimum offer price of $1.00.

Based on the IPO price of $1.05/share, distribution yield for 2011 would be about 8.05%. Still respectable. Good luck to all trying their luck for this IPO.

4 comments:

Chu Yeow said...

What about you, are you trying for this IPO?

AK71 said...

Hi Chu Yeow,

Nope. I have not bothered with IPOs for many years. :)

Anonymous said...

The Reit drop to .99 this morning.

TN

AK71 said...

Hi TN,

Thanks for the update. Not low enough for me. :)


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