Mapletree Industrial Trust IPO has strong debut

10/22/2010 | Today (Singapore)

Mapletree Industrial Trust had a strong initial public offering on the Singapore Exchange, trading more than 345 million units. It closed at 25% higher than the offering price. "I think the investors should be laughing all the way to the bank," says Samuel Chng, at AmFraser Securities. It is the largest Singapore REIT IPO to date.

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