Keppel DC Reit prices Singapore IPO at the top

Flotation of Asia's first data centre Reit priced at top of range after attracting very strong institutional demand.

Keppel DC Reit prices Singapore IPO at the top

Keppel DC Reit is on course to raise S$512.98 million $410 million from its Singapore initial public offering after pricing the deal at the very top of its S$0.90 to S$0.93 indicative range. 

Sources reported no price sensitivity in the institutional order book, which closed one day ahead of schedule and about 10 times oversubscribed. Allocations were largely determined by management rather than the bookrunners and were awarded on the basis...

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