M&L Trusts kicks off roadshow for $369 million Singapore IPO

M&L Hospitality Trusts offers exposure to hotels in Singapore, Australia and Japan and hits the market on the heels of a strong trading debut for Singapore's first IPO of the year.

M&L Trusts kicks off roadshow for $369 million Singapore IPO
One of M&L Trust's Singapore Ibis hotels

ML Hospitality Trusts ML Trusts has kicked off the institutional roadshow for what could become the largest initial public offering in Singapore in almost a year. The vehicle, which is structured as a stapled security comprising a real estate investment trust Reit and a dormant business trust, is seeking to raise between S$425.8 million and S$463 million $339 million to $369 million. If all goes to plan, it will start trading on May 5.

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