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Mixed fortunes for Asian IPOs; investors chase GIC’s GLP

Tags: Global Logistic Properties 

Written by Thomson Reuters

Friday, 08 October 2010 13:03

Note - Courtesy of Thomson Reuters

 

 

Just sharing my thot and certain info filtering out from...coffee talk. 

Just in case someone ask...!!!. Isit insider infomation ??...I just made a wild guess oni 

15-Sep-2010 09:11	Others   /   GIC and Temasek       Go to Message
x 0 x 0	Prologis IPO is fully booked. Road show is just a pre plan that they need to go thro...

 

http://www.theedgesingapore.com/component/content/21375.html?task=view

STRONG INSTITUTIONAL DEMAND
In Singapore, sources said GLP, a unit of sovereign wealth fund Government of Singapore Investment Corp [GIC.UL], looks set to raise at least $3.5 billion after it priced its IPO at the top of the range.

GLP is selling 1.762 billion shares at $1.96 apiece, against an indicative range of $1.78-SUS$1.96, sources told Reuters. The company has an option to sell an additional 234.6 million shares if the issue managers exercise a greenshoe option, which would hike the sum raised to $3.9 billion.

The pricing of GLP’s initial public offering takes place three days ahead of schedule following strong demand from investors. GLP had originally planned to price its IPO on Oct 11.

“The demand has been accelerated. We are trying to close everything today,” a source working on the deal told Reuters.

The source said the institutional tranche is currently over 15 times subscribed with orders from more than 400 accounts.

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GIC and Temasek Date: 15-Sep-2010 09:11) Posted:

 

 

Those interested, can enquires with DBS vickers Securities.

More info - please click following..... 

http://www.theedgesingapore.com/index.php?searchword=GIC&searchphrase=all&areas[]=jtags&option=com_search

Mixed fortunes for Asian IPOs; investors chase GIC’s GLP

 

Try GIC offer first. Prologic Logistics Properties IPO offering

The indicative price range is from $1.78 to $1.96 per share at a range of 1.03x to 1.09x. The mkt cap post IPO will be $8.022 billion to $8.833 billion, 'bookbuilding' tranche which is believe to be fully book should be closing soon, the bookbuilding period earlier than indicated.

So is your take, Lucky, got it and decide if you want to run on a stag or for long term.

The demand for this IPO is mouth watering hot. please dun expect too much profit. 

It is opening from Oct 11 to 14, with it, an Oct 18 trading date.

Posted: 28-Sep-2010 13:26 GIC and Temasek When book building..it's fully book. Prologis IPO is fully booked. Road show is just a pre-plan that they need to go thro...GIC by far is making good progress, furthering this successful listing of GLP's public offer, then try this DBS and Citi are also involved in GIC's IPO alongside JPMorgan, UBS and CICC. According to its prospectus, the IPO will comprise up to nearly two billion shares, including for cornerstone investors and over-allotment. http://www.cicc.com.cn/CICC/english/about/page2.htm (Shareholders) Central Huijin Investment Ltd. (43.35%) Morgan Stanley International Incorporated (34.3%) China National Investment & Guaranty Co., Ltd. (7.65%) The Government of Singapore Investment Corporation (7.35%), and Mingly Corporation (7.35%) __________________________________________________________________________ Then try this....... Mapletree Industrial Trust, a property trust linked to Temasek, is set to raise as much as S$940 million from its IPO, it set a price range of S$0.88-S$0.93 a unit. It's selling 594.9 million units with an option to increase the offer by another 91.75 million units, according to a draft prospectus. Cornerstone investors including insurers AIA and Prudential , UK fund manager Henderson and US hedge fund D.E. Shaw will subscribe for another 322.6 million units. The price range implies an annualised yield of 7.6-8.0%, according to the term sheet obtained by Reuters, this IPO is mouth watering hot. but dun expect too much in huge profit - long term