Prime US Reit's IPO structured to minimise risks amid uncertainty

Wed, Jul 31, 2019 - 5:50 AM

Lee Meixianleemx@sph.com.sg@LeeMeixianBT

THE subscription results of Prime US Reit and its choice of offering structure in its initial public offering (IPO) earlier this month show the issuer's and bankers' caution in the wake of dismal results from Eagle Hospitality Trust's public offer, which was only 0.4 times subscribed.

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