Elite Commercial Reit's Singapore IPO to be priced at £0.68 each

Singapore

THE offer price for UK-focused Elite Commercial Reit's proposed Singapore initial public offering (IPO) has been set at £0.68 per unit.

This will raise between £119.5 million (S$209.3 million) and £131.2 million, based on a total offering size of 175.7 million to 192.9 million units, according to a term sheet on Monday seen by The Business Times.