NetLink IPO set to be priced near low end: IFR

Singapore

NETLINK NBN Trust, the broadband unit of Singapore Telecommunications (Singtel), is set to price its IPO near the bottom of expectations, raising about US$1.7 billion in Singapore's largest listing in more than four years.

The offering is set to be priced at S$0.81 per unit, Thomson Reuters's IFR reported, citing two sources with knowledge of the deal. The IPO had an indicative range of S$0.80 to S$0.93 per unit.