Posts
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
Friday, 19 November 2010
© 2010 - The Edge Singapore
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.
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.
Bloggy Award
4 comments:
What about you, are you trying for this IPO?
Hi Chu Yeow,
Nope. I have not bothered with IPOs for many years. :)
The Reit drop to .99 this morning.
TN
Hi TN,
Thanks for the update. Not low enough for me. :)
Post a Comment