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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Market

GIC unit to raise S$3.9bln in Singapore’s 2nd biggest IPO

Posted on 12 October 2010

From Dow Jones: Global Logistic Properties, a real estate unit of the Government of Singapore Corp., said Monday that it has priced its initial public offering at S$1.96 a share, potentially raising as much as S$3.9 billion in the first significant IPO by the city state’s sovereign wealth fund.
The company Monday registered its prospectus with the Monetary Authority of Singapore, opening the IPO to the general public. GLP owns, manages and leases out a network of 296 properties within 122 integrated parks spread across 25 cities in China and Japan……………………………………….Full Article: Source

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