Prime response to Reit IPO

Prime Reit is set to become the seventh Reit to list in Singapore following the pricing of a 943.1 million unit deal yesterday (September 13) at S$0.98 per unit. The group is scheduled to raise S$924.24 million ($550.89 million) from the IPO, which was led by Macquarie Securities (global co-ordinator), plus DBS, JPMorgan and Deutsche Bank as joint bookrunners.