Singapore REIT IPO market strong after Singapore Press listing

07/17/2013 | Reuters

Singapore Press Holdings' initial public offering priced at the top end of its indicative range, raising $400 million after selling 560 million units. Overseas Union Enterprise is next, with plans to price its offering Wednesday. More REIT IPOs are pending, industry watchers say. "We know of a number of deals which may potentially come out," says Lai Yeu Huan, head of equity research at Nikko Asset Management Asia.

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