Massive NetLink IPO set to lift Singapore drought

SingTel plans to divest its majority stake in its broadband business in what is set to be the Lion City's biggest equity fundraising event since 2012.

Singapore Telecommunications is ready to divest its stake in NetLink NBN Trust, owner of the infrastructure that underpins the national fibre broadband network, in what could be the Lion City’s biggest initial public offering in five years.

Investment bankers started pre-deal investor education on Tuesday and a management roadshow is tentatively set to take place from June 27 to July 11, according to sources familiar with the situation. This will allow a trading debut at the end ofJuly if everything goes well.

It is no exaggeration to say that the IPO of NetLink Trust is the most anticipated deal for Singaporean bankers, and perhaps for...

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