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Keppel DC Reit closer to IPO as it lodges preliminary prospectus

Singapore

THE much-awaited Keppel DC Reit initial public offering came a step closer to fruition after the firm lodged a preliminary prospectus on Wednesday for an offer to raise between S$496.5 million and S$513 million, which will make the listing the second biggest this year on the Singapore Exchange.

The amount to be raised includes subscriptions by cornerstone investors for some 290 million shares. The base offering itself will be up to 261.36 million units at a minimum and maximum offer price...

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