Singapore Reit IPOs raise a combined $863 million

SPH Reit attracts the most demand of the two and prices at the top of the range to raise $393 million, while OUE Hospitality is expected to price at the bottom for a total deal size of $470 million.

<div style="text-align: left;"> Orchard Road, Home to SPH's Paragon mall, is Singapore’s number one shopping and tourist area </div>

Anette Jönsson

July 18, 2013

OUE Hospitality Trust is set to price its initial public offering at the bottom of the range for a total deal size of S$600 million ($470 million), according to sources. This comes after SPH Reit confirmed yesterday that it had raised S$503.9 million ($393 million) after fixing the price of its IPO at the top.

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