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Sovereign Wealth Funds Briefing - Categorized | Market

Singapore GIC unit plans IPO

Posted on 05 August 2010

From WSJ: The Government of Singapore Investment Corp.’s real estate arm, GIC Real Estate, plans to sell shares of its overseas assets to raise as much as 4 billion Singapore dollars (US$3 billion), nearly doubling the size of the proposed initial public offer, a person familiar with the development said Thursday.
GIC has mandated J.P. Morgan and Citigroup as the global coordinators for the IPO and UBS, China International Capital Corp. and DBS are the book runners……………………………………….Full Article: Source


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