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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

GIC to lead crop of IPOs in Singapore

Posted on 10 September 2010

From WSJ: Government of Singapore Investment Corp. is set to list some of its logistics assets Oct. 15 through an initial public offering that could raise as much as US$3 billion, a person familiar with the deal said Thursday, making it the heavyweight in what is set to be a banner year for IPOs on the city-state’s exchange.
The sovereign-wealth fund, through its property-investment unit GIC Real Estate, is tapping the IPO market by listing the assets under real-estate unit Global Logistic Properties Ltd……………………………………….Full Article: Source


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