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FLT prices IPO at top of range at S$0.89 per unit

It aims to rake in about S$1.27 billion in gross proceeds

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DEBUTING JUNE 21: FLT's initial portfolio consists of 51 industrial properties in Australia.

Singapore

FRASERS Logistics & Industrial Trust (FLT) is set to raise around S$464.4 million from an initial public offering (IPO) of 521.75 million units, after pricing at the top of the range at S$0.89 per unit following strong demand for its placement tranche.

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