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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

GIC to launch $700 mln logistics IPO

Posted on 11 June 2010

From Reuters: Singapore’s biggest sovereign wealth fund GIC GIC.UL is looking to kick off an initial public offering of its logistics business around the fourth quarter to raise at least S$1 billion ($707 million), sources close to the deal told Reuters.
It is set be the biggest IPO in Singapore since CapitaMalls Asia raised $2 billion late last year and will allow the world’s fourth-biggest sovereign fund to raise cash for further investments…………………………………………Full Article: Source


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