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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Market, Performance

Global Logistic Properties surges in debut

Posted on 19 October 2010

From Nytimes.com: Global Logistic Properties, a logistics unit of the sovereign wealth fund Government of Singapore Investment Corporation, surged as much as 12 percent on its debut on Monday in the ninth-biggest public offering in Asia this year, attracting investors as a result of its China exposure, Reuters reports.
Global Logistic Properties is set to raise 3.9 billion Singapore dollars ($3.01 billion) if it exercises its greenshoe option, making it Singapore’s second biggest initial offering since the 4 billion dollar offering of Singapore Telecommunication in 1993……………………………………….Full Article: Source


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