27 Apr '11, 2pm

[CNA] Mapletree Commercial Trust debuts on Singapore Exchange

SINGAPORE : This year's second-largest initial public offering (IPO) has a flat showing on its first trading day on Wednesday. Mapletree Commercial Trust opened a tad higher but soon gave up early gains to end at its IPO offer price of 88 cents. The real estate investment trust (REIT) is the most actively traded counter in the Singapore Exchange during the session, with some 140 million units changing hands. The counter rose briefly to 89 cents, and reached a high of 90 cents but the buying sentiment fizzled out causing the stock to end its first trading day at 88 cents. The REIT had offered about 713 million units to institutional and retail investors during its IPO. REIT manager Mapletree Commercial Trust Management said the total placement tranche and public offer was about 8.38 times subscribed. The offering of 712.89 million units consist of a placement tranche of 548...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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Mapletree Group to launch IPO

Mapletree Group to launch IPO

straitstimes.com 18 Apr '11, 9am

Mapletree Commercial Trust, which owns Vivocity mall and office complexes, will offer about 713 million units priced at 88...