IGB Reit raises $268 million from Malaysia IPO

The retail mall trust prices its deal at the top of the range, with an implied distribution yield of 5.4% for 2013.
<div style="text-align: left;"> IGB Reit's Mid Valley Megamall: part of one of the biggest mixed-use developments in Malaysia </div>
<div style="text-align: left;"> IGB Reit's Mid Valley Megamall: part of one of the biggest mixed-use developments in Malaysia </div>
September 10, 2012

IGB Reit, a real estate investment trust focusing on retail malls in Malaysia, has raised M$837.5 million ($268 million) from its initial public offering. It is the latest offering to price in Malaysia, which has been a bright spot for IPOs this year.

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