Sasseur Reit plans IPO of up to S$600m in March

Singapore

SASSEUR Group, a Shanghai-based developer and operator of outlet malls, which last year pushed back plans for a Reit listing here, has begun gauging investor interest again with plans to list Sasseur Reit in March.

The initial public offering (IPO) could raise between S$500 million and S$600 million, and Sasseur Reit would have a market cap of S$1 billion upon its debut, according to a term sheet seen by The Business Times.