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Sovereign Wealth Funds Briefing - Categorized | Financials

GIC’s logistics unit launches $3-bln IPO, biggest in Singapore

Posted on 15 September 2010

From Reuters: Singapore sovereign fund GIC has kicked off the initial public offering of its logistics unit, aiming to raise up to US$3 billion in what could be the city-state’s biggest IPO.
Global Logistic Properties (GLP), which owns industrial and logistic properties in China and Japan, will be the first listing of a majority-owned firm by the Government of Singapore Investment Corp, the world’s fourth-biggest sovereign fund……………………………………….Full Article: Source

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