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Sovereign Wealth Funds Briefing - Categorized | Market, Performance

Global Logistic advances on debut after S$3.45 bln IPO

Posted on 18 October 2010

From Bloomberg: Global Logistic, the overseas logistics unit of Government of Singapore Investment Corp., advanced to S$2.17 at 9:02 a.m. local time from the offer price of S$1.96 a share, after earlier reaching S$2.19. GLP sold stock at the top end of a range marketed to investors.
Asia has taken the lead in IPOs globally this year with seven of the 10 largest sales worldwide, according to data compiled by Bloomberg. India today starts the 151.5 billion rupee ($3.4 billion) sale of stock in Coal India Ltd., the nation’s biggest-ever IPO……………………………………….Full Article: Source

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