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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

GLP’s $3.9bln IPO now open

Posted on 12 October 2010

From Todayonline.com: Global Logistic Properties (GLP), the overseas warehousing unit of the Government of Singapore Investment Corp (GIC), yesterday launched its initial public offering (IPO) at $1.96 a share to raise as much as $3.9 billion.
GLP is looking to raise $3.4 billion but the amount raised from the share sale may increase to as much as $3.9 billion if its over-allotment option is fully exercised. This will make GLP the biggest IPO since SingTel’s $4 billion offering in 1993……………………………………….Full Article: Source


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