OUE C-Reit's IPO 2.75 times subscribed

Singapore

THE initial public offering of 208 million units by OUE Commercial Real Estate Investment Trust (OUE C-Reit) has been 2.75 times subscribed.

The IPO at 80 cents a unit - comprising a public offer of 56.25 million units and a placement tranche of 151.75 million - drew valid applications for about 572.83 million units. The public offer was 4.76 times subscribed and the placement portion 2.01 times subscribed.