Singapore MRT a gift to revive interest in privatizations

Singapore MRT''s IPO has been priced cheap to whet investors'' appetites ahead of much bigger government share sales later this year.

The Singaporean government has agreed to sell a third of its holding in Singapore MRT pretty cheap, pricing the 492 million shares on offer at S$0.61 each û the upper end of a fairly low range.

The market capitalization of SMRT is a bit smaller than originally was expected û they are now talking about a S$900 million $236.8 million company. Initial projections had valued SMRT at S$1 billion, perhaps a little more, says John Casey, transport analyst at...

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