THE manager of Prime US Reit, KBS US Prime Property Management, has received applications for 1.2 times the number of units originally on offer, it said ahead of the Reit's trading debut on the Singapore Exchange (SGX) mainboard at 2pm on Friday. Read more at The Business Times.
THE manager of Prime US Reit, KBS US Prime Property Management, has received applications for 1.2 times the number of units originally on offer, it said ahead of the Reit's trading debut on the Singapore Exchange mainboard at 2pm on Friday.
For the Singapore public offer, it received applications for 42.4 million units versus the 40.9 million units that were on offer. However, excluding the over-allotment units and interest from parties under rule 240 of the SGX's listing manual, which includes interested persons, interest received for the Prime US Reit was lower at 0.8 times of offer.Previously, the Reit's offering of 335.2 million units
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