SB REIT was down 8% to closed@0.715c or -6.5c from it offered IPO price of 0.780c.
First day trading is within expectation judged from last two recent SPH reit n OUE H-Trust Ipo-ed response.
2nd day Mon trading, the downside disappointment may not be the greater then on first traded day, as it attract more yield players. Is oredi tempting but not mouth watering - do trade cautiously.
Teeth53 - just share share, sharing my thot.
after all the feedback.... think first thing i going to do on monday is to short big big!!! huat ahhhhhhhhhhhhhhhhhhhhhhhhhhhhhh
everyone saying so -ve so i must act with the tide!
starlene ( Date: 16-Aug-2013 23:47) Posted:
ginally Posted by Newcastle  |
| |
|
|
no la... tats too -ve... monday u will see gap up.
starlene ( Date: 16-Aug-2013 23:31) Posted:
| Avoid like plaque....looks most reits close under |
|
cheong up monday to IPO price... cheong!
candle ( Date: 16-Aug-2013 19:50) Posted:
why should it tardes higher.
look at its history
|
|
i suggest those big bosses going IPO, do not ever engage these lousy underwriters...cannot sustain iPO price......... go for those worthy fund mgrs who do their good work....
its stupid to launch so high price and close lower......... making a big fool out of the pte investors....
monnday should gap up and close IPO price, otherwise, law suits sure come.... always these case and not uncommon now......
i am not vested....... but i think its unfair and should SACK these underwriters fund mgrs and do not engage their services again........ )
katak88 ( Date: 16-Aug-2013 17:24) Posted:
Soilbuild REIT falls 6% below IPO price in S'pore debut [SINGAPORE] Soilbuild Business Space REIT fell nearly 6 per cent below its initial public offering price in its Singapore trading debut on Friday. Soilbuild units hit as low as S$0.735 versus its IPO price of S$0.78. Within five minutes of trading, more than 64 million units had changed hands. Soilbuild sold 586.5 million units and its public offer was around 5.4 times subscribed, its manager said on Thursday.
" There have been too many REITs recently and this is not particularly exceptional," said a trader.
http://www.businesstimes.com.sg/breaking-news/singapore/soilbuild-reit-falls-6-below-ipo-price-spore-debut-20130816
Soilbuild REIT IPO subscribed 5.4 times, raised $928.8m in proceedsSee what the proceeds will fund. SB REIT Management Pte. Ltd., the manager of Soilbuild Business Space REIT (Soilbuild REIT), today announced that its Initial Public Offering (IPO) has attracted strong interest from both institutional and retail investors for the 586,532,000 Units offered at $0.78 per Unit. At the close of the public offer at 12.00 noon on 14 August 2013, there were 10,093 valid applications for 337,009,000 Units. Based on the 62,500,000 Units available to the public for subscription, the public offer was approximately 5.4 times subscribed. DBS Bank Ltd., on behalf of the joint global coordinators for the offering, has overallotted an additional 56,307,000 Units to the Placement Tranche, to meet the strong demand from the institutional investors during the book building period. Trading of the Units is expected to commence on a ?ready? basis on the Main Board of the Singapore Exchange Securities Trading Limited at 2.00 p.m. on 16 August 2013. Mr Shane Hagan, Chief Executive Officer of SB REIT Management Pte. Ltd., said: ?We are delighted with the strong response from both the Singapore public as well as institutional investors particularly global long only and specialist real estate funds. We look forward to welcoming them as our unitholders.?The strong support shown confirms Soilbuild REIT?s attractiveness to investors in terms of its quality portfolio and unique competitive strengths.? Of the estimated proceeds of $928.8 million, $820.5 million will go towards paying for Solaris, Eightrium @ Changi Business Park, Tuas Connection and West Park BizCentral, $84.8 million for the repayment of existing private trust debt in relation to the three thirdparty acquisitions already held by Soilbuild REIT, and the balance for the payment of IPOrelated costs and working capital. The proceeds of $928.8 million came from the IPO, the Units subscribed by Mr Lim Chap Huat as well as from the senior term loan facility.Soilbuild REIT unitholders can expect to receive an annualised distribution yield of 7.5%1
for Forecast Period 2013, rising to 7.7% for Projection Year 2014.
- See more at: http://sbr.com.sg/markets-investing/news/soilbuild-reit-ipo-subscribed-54-times-raised-9288m-in-proceeds#sthash.86n3ktnN.dpuf
|
|
Soilbuild REIT falls 6% below IPO price in S'pore debut
[SINGAPORE] Soilbuild Business Space REIT fell nearly 6 per cent below its initial public offering price in its Singapore trading debut on Friday.
Soilbuild units hit as low as S$0.735 versus its IPO price of S$0.78. Within five minutes of trading, more than 64 million units had changed hands.
Soilbuild sold 586.5 million units and its public offer was around 5.4 times subscribed, its manager said on Thursday.
" There have been too many REITs recently and this is not particularly exceptional," said a trader.
http://www.businesstimes.com.sg/breaking-news/singapore/soilbuild-reit-falls-6-below-ipo-price-spore-debut-20130816
Soilbuild REIT IPO subscribed 5.4 times, raised $928.8m in proceeds
See what the proceeds will fund.
SB REIT Management Pte. Ltd., the manager of Soilbuild Business Space REIT (Soilbuild REIT), today announced that its Initial Public Offering (IPO) has attracted strong interest from both institutional and retail investors for the 586,532,000 Units offered at $0.78 per Unit.
At the close of the public offer at 12.00 noon on 14 August 2013, there were 10,093 valid applications for 337,009,000 Units. Based on the 62,500,000 Units available to the public for subscription, the public offer was approximately 5.4 times subscribed.
DBS Bank Ltd., on behalf of the joint global coordinators for the offering, has overallotted an additional 56,307,000 Units to the Placement Tranche, to meet the strong demand from the institutional investors during the book building period.
Trading of the Units is expected to commence on a ?ready? basis on the Main Board of the Singapore Exchange Securities Trading Limited at 2.00 p.m. on 16 August 2013.
Mr Shane Hagan, Chief Executive Officer of SB REIT Management Pte. Ltd., said: ?We are delighted with the strong response from both the Singapore public as well as institutional investors particularly global long only and specialist real estate funds. We look forward to welcoming them as our unitholders.?The strong support shown confirms Soilbuild REIT?s attractiveness to investors in terms of its quality portfolio and unique competitive strengths.?
Of the estimated proceeds of $928.8 million, $820.5 million will go towards paying for Solaris, Eightrium @ Changi Business Park, Tuas Connection and West Park BizCentral, $84.8 million for the repayment of existing private trust debt in relation to the three thirdparty acquisitions already held by Soilbuild REIT, and the balance for the payment of IPOrelated costs and working capital. The proceeds of $928.8 million came from the IPO, the Units subscribed by Mr Lim Chap Huat as well as from the senior term loan facility.Soilbuild REIT unitholders can expect to receive an annualised distribution yield of 7.5%1
for Forecast Period 2013, rising to 7.7% for Projection Year 2014.
- See more at: http://sbr.com.sg/markets-investing/news/soilbuild-reit-ipo-subscribed-54-times-raised-9288m-in-proceeds#sthash.86n3ktnN.dpuf
Post Reply
1-12 of 12
