Mapletree Logistics Trust MLT has become the sixth Reit to list in Singapore following the completion of a 310.87 million unit IPO on Friday July 22. The Temasek-owned group raised S$211.39 million $127.4 million via DBS and UBS.
The deal was priced at S$0.68 per unit, the top end of an S$0.63 to S$0.68 range. There is also a greenshoe of 15%.
The institutional book is said to have closed 60 times covered and the retail book 30 times covered despite an order cap of S$20 million per investor. Institutions were allocated S$200 million, high net worth investors S$60 million and retail S$50 million.
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