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Manulife US Reit IPO delayed: source

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In light of increased volatility in the equity capital market, the initial public offering (IPO) of Manulife US Reit (real estate investment trust) has been delayed, a banking source told The Business Times.

IN light of increased volatility in the equity capital market, the initial public offering (IPO) of Manulife US Reit (real estate investment trust) has been delayed, a banking source told The Business Times.

Depending on market conditions, the IPO is expected to proceed at a later date.

The US Reit, which was set to launch its S$629 million IPO in Singapore in the second half of 2015, had earlier lodged its preliminary prospectus with the Monetary Authority of Singapore.