Sasseur Reit IPO is more than 3.7 times subscribed

Singapore

THE initial public offering (IPO) of Sasseur Real Estate Investment Trust (Reit) attracted applications that represented more than 3.7 times the number of available units in the public tranche, ballot results on Tuesday showed.

The offering, which is priced at S$0.80 per unit, comprises 252.8 million placement units and a public tranche of 13.8 million units. For the public tranche, there were 2,832 valid applications for 51.4 million units that represented some S$41.1 million worth of valid applications.