Singapore

THE manager of Prime US Reit has set aside about 40.9 million units of its initial public offering (IPO) for public subscription - well above the minimum offer size of 16.8 million units for retail investors.

KBS US Prime Property Management announced on Tuesday that 2,708 valid applications for 42.4 million units of Prime US Reit were received for the public tranche at the close of the offer on July 15.