NetLink Trust IPO to fetch S$2.3b to S$2.7b

Singapore

IN THE biggest IPO (initial public offering) on the Singapore Exchange since 2011, Singtel-owned NetLink Trust will issue around 2.9 billion units with an offer price between 80 Singapore cents and 93 Singapore cents to raise between S$2.3 billion and S$2.7 billion.

The public offer will open after 5 pm on July 10 and will close at noon on July 17. Trading will commence from 3 pm on July 19.