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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

GIC unit IPO pricing high

Posted on 08 October 2010

From WSJ: Global Logistic Properties, a real estate unit of sovereign-wealth fund Government of Singapore Investment Corp., has priced its initial public offering at the top end of its indicative range in a listing that could raise up to 3.9 billion Singapore dollars (US$3 billion), people familiar with the situation said Friday.
The IPO has priced at 1.96 Singapore dollar per share, the people told Dow Jones Newswires, which is at the top of the indicative 1.78 to 1.96 Singapore dollar price range set out in the property group’s preliminary prospectus released last week……………………………………….Full Article: Source


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