Pre-marketing underway for two more yield-focused IPOs

OUE Hospitality Reit is aiming to raise at about $700 million from a Singapore listing, while NW Hotel Investments is targeting up to $800 million from its Hong Kong IPO.
June 11, 2013

Despite the tough market environment for yield-focused property plays lately, bankers started investor education for two more potential listings yesterday. Both are being spun off from well-established brands and bankers involved in the two deals are hoping that the quality of their assets in combination with a reasonable valuation will be sufficient to attract investors.

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