This is a discussion on Demand hot for GLP IPO within the Local & Foreign Issues forum, part of the Community Lounge category; ONE of Singapore's biggest ever public share floats has attracted huge interest from small investors, with over $2.2 billion chasing ...
ONE of Singapore's biggest ever public share floats has attracted huge interest from small investors, with over $2.2 billion chasing the shares worth $200 million reserved for retail investors.
The red-hot response to the initial public offering (IPO) for Global Logistics Properties (GLP) sets up a sizzling trading debut for the counter on the Singapore Exchange (SGX) on Monday.
GLP, the logistics unit of the Government of Singapore Investment Corp, owns 296 warehouses and other industrial properties in Japan and China, two of the world's biggest economies.
Based on its IPO price, GLP will be among the top 30 SGX listed companies by market value, at about $8.8 billion.
GLP is Singapore's largest IPO since SingTel went public in 1993, set to raise an estimated $3.9 billion.
The lion's share of this IPO went to institutional players and other larger investors, but 102 million shares were made available to retail investors.
Demand hot for GLP IPO