Mapletree Greater China Trust to fix IPO price at the top

The trust raises $1.3 billion from the deal, which is heavily subscribed by institutional investors and ranks as the largest Reit IPO in Singapore ever.

Mapletree Greater China Trust to fix IPO price at the top

Mapletree Greater China Commercial Trust MGCCT is expected to price its initial public offering at the top of the range today after attracting huge interest from institutional investors, sources say. This will allow it to raise S$1.61 billion $1.3 billion from what will be the largest IPO by a real estate investment trust Reit in Singapore ever.

The Reit, which has two commercial assets in its initial portfolio, including the popular Festival Walk shopping centre...

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