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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Singapore’s GIC starts $3 bln IPO

Posted on 10 September 2010

From Channelnewsasia.com: Sovereign wealth fund Government of Singapore Investment Corp (GIC) is expected to list its logistics unit on the Singapore Exchange on October 15. The initial public offering (IPO) of Global Logistic Properties (GLP) aims to raise up to US$3 billion in what could be Singapore’s biggest IPO.
If successful, the IPO would be bigger than SingTel’s S$4 billion (US$2.9 billion) listing in 1993, and dwarf CapitaMalls Asia’s US$2.02 billion IPO launched last year……………………………………….Full Article: Source


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