PRIVACY POLICY

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Friday, November 19, 2010

Sabana REIT: IPO at $1.05/share.


Sabana REIT prices IPO at $1.05 per share: IFR. Based on the offer size of 605.8 million units, Sabana REIT will raise $636.1 million from the IPO.
Friday, 19 November 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.
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4 comments:

  1. Chu YeowNovember 19, 2010 at 6:52 PM

    What about you, are you trying for this IPO?

    ReplyDelete
  2. AK71November 19, 2010 at 9:18 PM

    Hi Chu Yeow,

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

    ReplyDelete
  3. AnonymousNovember 29, 2010 at 11:21 AM

    The Reit drop to .99 this morning.

    TN

    ReplyDelete
  4. AK71November 29, 2010 at 12:27 PM

    Hi TN,

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

    ReplyDelete