IPO
Mapletree Industrial Trust-IPO by Temasek
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http://sg.news.yahoo.com/rtrs/20100929/tap-mapletreeindustrial-ipo-c3bb44c.html
Reuters - Wednesday, September 29
* Mapletree Industrial to offer annualised yield of 7.6-8 pct
* IPO expected to be priced on Oct 8, starts trading Oct 21
* Mapletree Industrial IPO pits Temasek against GIC
bh704428 ( Date: 09-Oct-2010 01:16) Posted:
| which day this mapletree ipo closes for application? is it on 19th oct closed? |
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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
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http://www.todayonline.com/Business/EDC100917-0000084/Mapletree-Industrial-plans-$800m-IPO
An initial public offering in Singapore to buy six properties and repay debt, according to a term sheet sent to investors.
The trust is offering 1.01 billion units, or up to 69 per cent of its market capitalisation, in the IPO, which includes a greenshoe - or overallotment option - of 91.75 million units.
The road show for the offering is scheduled to begin on Sept 30, according to the term sheet. Trading will start on Oct 21, according to the term sheet obtained by news agencies.
The trust has assets of $1.73 billion. It is owned by Mapletree Investments, the real estate unit of Singapore investment company Temasek Holdings.
Citigroup, DBS, Goldman Sachs and Standard Chartered are book runners for the deal.
Mapletree Industrial Trust will be Shariah-compliant to help attract Middle East investors seeking stable yields, Mapletree Investments chief executive officer Hiew Yoon Khong had said in June.
News of Mapletree's offer comes a week after reports that Singapore's other sovereign wealth fund, the Government of Singapore Investment Corp, was also planning to list its logistics real estate unit - Global
bh704428 ( Date: 09-Oct-2010 01:16) Posted:
| which day this mapletree ipo closes for application? is it on 19th oct closed? |
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On Prologic Logistics Properties IPO offering.
what's the feel over this IPO ? This IPO is mouth watering hot.
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.
belgeran ( Date: 07-Oct-2010 01:37) Posted:
just wondering.. what's the feel over this IPO ?
in comparison to the existing industrial reits, what is the pro/con factors?
the possibility of a stag on this? |
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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 imnew1 ( Date: 08-Oct-2010 22:22) Posted:
For GIC, when the IPO start, due and offer? Any link to it prospectus, please? How to buy huh?
Thanks ahead...
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which day this mapletree ipo closes for application? is it on 19th oct closed?
For GIC, when the IPO start, due and offer? Any link to it prospectus, please? How to buy huh?
Thanks ahead...
SINGAPORE - 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. The demand for this IPO is mouth watering hot......
But
Try GIC offer first. Prologic Logistics IPO offeringThe 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.
Totally new to this site and for IPO. Don’t laugh if I ask the following :P
What are the fees of buying & selling the IPO? Any benefits of buying this directly from DBS via ATM???
Heard of $1.1billion that is raised, but only 183million for the acquisition of the 6 properties. The majority of the proceeds will be used to repay MIT's existing debt.What do u think?
Mapletree Industrial Trust is a very valuable stock. I get professional advice from www.ccgains.com .
just wondering.. what's the feel over this IPO ?
in comparison to the existing industrial reits, what is the pro/con factors?
the possibility of a stag on this?
Is Buzz over govt-linked mega IPOs waning ?.
Today Straits Times (Sat) paper mentioned (MIT) Mapletree Industrial Trust, a property trust linked to Temasek, has indicated that the annualised distribution yield for its initial payout will be between 7.6% to 8%, depending on its final offer price.
Meanwhile strong demand from retail investors for
SIA bonds saw it triple its public offer from $50 million to $150 million tranche. A smooth take-off for SIA bonds on it debut on the local bourse yesterday, posting a 1% gain on their opening price to close at S1.01c. it
boast a 2.15% coupon rate
| MA6Z |
SIA 2.15%b150930 |
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1.010 |
1.010 |
0.000 |
0.0 |
volume-766,000 |
http://business.asiaone.com/Business/News/Story/A1Story20100930-239803.html
SINGAPORE - Mapletree Industrial Trust, a property trust linked to Temasek, is set to raise as much as S$940 million from its IPO in Singapore after it set a price range of S$0.88-S$0.93 a unit.
The trust, which owns factories and other industrial properties in the city-state, is 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.
Mapletree Industrial will be managed by Mapletree Investments, a real estate company owned by Singapore state investor Temasek that already manages two other real estate investment trusts - Mapletree Logistics and Lippo- Mapletree Indonesia Retail Trust.
Mapletree Industrial will begin roadshows on Sept 30 and pricing of the offer is expected to take place on Oct 8. The shares will likely begin trading on Oct 21.
DBS, Citigroup,Goldman Sachs and Standard Chartered are bookrunners, issue managers and underwriters for the Mapletree Industrial IPO.
The Mapletree Industrial IPO clashes with an ongoing share offer by Global Logistic Properties, a unit of S'pore's other sovereign wealth fund GIC, which is seeking to raise as much as $2.95 billion.
DBS and Citi are also involved in GIC's IPO alongside JPMorgan, UBS and CICC.
Other news -
Temasek may invest up to $420m in AgBank
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