IPO   

Lippo-Mapletree Indonesia Retail Trust (LMIR)

Hi sarahlkh,

If u have internet banking service, you can be able to download the pdf of the prospectus. Trading will start on 19 Nov cos 15 Nov should be the balloting day if oversubscribe. check out this website too: http://singapore-ipos.blogspot.com/

 

Any thoughts on whether should subscribe for this stock? Application date closes this Thurs, 14-11-07.

 

anywhere to find the prospectus?

 

when is trading day?

 

Lippo Group will be raising up to $587.4m with the planned listing of a Reit based on its retail properties in Indonesia. The Lippo-Mapletree Indonesia Retail Trust (LMIR) will offer 645.5m units at $0.78 to $0.91 a unit, according to the trust's preliminary prospectus.

Separate from the offering, Lippo will subscribe for 287.7m units in the trust while Mapletree Investments will subscribe for 127.3m units. This means that Lippo and Mapletree will hold stakes of at least 27.1% and 12% in the trust once it is listed. Of the 645.5m units that will be part of the share offering, 625.5m units will be placed out to institutional and other investors, while 20m units will be offered to the public. The trust will be the first Reit in Singapore to provide exposure to Indonesia's growing retail sector.