IGB Reit, a real estate investment trust focusing on retail malls in Malaysia, is set to start the management roadshow today for an initial public offering that is targeting to raise between M$770.5 million and M$837.5 million $246 million to $267 million. The listing is scheduled for September 21.
The Malaysian Reit is the latest trust to seek a listing in Southeast Asia in the past couple of months, taking advantage of a general investor appetite for yield as market conditions remain uncertain. Far East Hospitality Trust, a hotel-focused Reit, raised $527 million from an IPO earlier this month after fixing the price at the top of the indicative...
¬ Haymarket Media Limited. All rights reserved.
